Cisco announced on Tuesday that they’ve moved to acquire Sourcefire, the company best known for the open source IDS tool Snort. The deal will see Cisco pay $76 per share in cash in exchange for each share of Sourcefire. Sourcefire’s 650 employees will be moving to Cisco to work in a division headed by Cisco’s Chris Young. Many of the senior management from Sourcefire will take on roles within Cisco in order to help drive security strategies going forward. The acquisition was approved by the board of directors for each firm.”]
Source: https://www.csoonline.com/article/2133767/cisco-snorts-up-sourcefire-in-2-7bn-acquisition.html