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Cisco Acquires Sourcefire for $2.7 Billion

In a deal set to reshape the network security landscape, Cisco today announced its intention to acquire Sourcefire for $2.7 billion. Cisco will pay $76 per share for Sourcefire. The deal is expected to close in the second half of 2013.

Sourcefire is a leading vendor of Intrusion Prevention System (IPS) technology; its founder, Marty Roesh, founded the popular open source SNORT IPS technology.