Sourcefire
 |
|
| Subsidiary | |
| Industry | Network security; intrusion detection, intrusion prevention system and anti-malware |
| Fate | Acquired |
| Founded | 2001 |
| Founder | Martin Roesch |
| Headquarters | Columbia, Maryland |
|
Key people
|
John Becker (CEO), Martin Roesch (Founder and CTO) |
| Products | Sourcefire Firepower network security appliances |
| Revenue | $223.1M (FY12) |
|
Number of employees
|
560 (3Q12) |
| Parent | Cisco Systems |
| Website | sourcefire |
Sourcefire, Inc was a technology company that developed network security hardware and software. The company's Firepower network security appliances are based on Snort, an open-source intrusion detection system (IDS). Sourcefire was acquired by Cisco for $2.7 billion in July 2013.
Sourcefire was founded in 2001 by Martin Roesch, the creator of Snort. The company created a commercial version of the Snort software, the Sourcefire 3D System, which evolved into the company's Firepower line of network security products. The company's headquarters was in Columbia, Maryland in the United States, with offices abroad.
The company's initial growth was funded through four separate rounds of financing raising a total of $56.5 million from venture investors such as Sierra Ventures, New Enterprise Associates, Sequoia Capital, Core Capital Partners, Inflection Point Ventures, Meritech Capital Partners, and Cross Creek Capital, L.P.
In 2005, Check Point Software attempted to acquire Sourcefire for $225 million, but later withdrew its offer after it became clear US authorities would attempt to block the acquisition. The company completed an initial public offering in March 2007, raising $86.3 million. In August of the same year, Sourcefire acquired Clam AntiVirus. Sourcefire rejected an offer of $187 million in May 2008 from security appliance vendor Barracuda Networks, who had offered to pay US$7.50 per share, amounting to a 13% premium of their then-current stock price. Sourcefire announced its acquisition of the cloud-based antivirus firm Immunet in January 2011.
Revenue for the fourth quarter of 2012 was $67.4 million compared to $53.2 million in the fourth quarter of 2011, an increase of 27%. Revenue for the year ending December 31, 2012 was $223.1 million compared to $165.6 million for 2011, an increase of 35%. International revenues were $74.4 million, up 77% over 2011. As of December 31, 2012, the company's cash, cash equivalents, and investments totaled $204.0 million.
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