Sourcefire buys Immunet for $21 million

Network security company expands its cloud-based malware protection services with acquisition of start-up Immunet.

Network security company Sourcefire is acquiring Immunet, a cloud-based anti-malware start-up, for $21 million in cash, the companies announced today.

The acquisition expands the cloud-based offerings for Sourcefire, creator of the open-source Snort intrusion detection technology.

Columbia, Md.-based Sourcefire said it will not lay off any of Immunet's full-time staff, which is based in Palo Alto, Calif.

Sourcefire paid $17 million at the closing of the deal and will pay $4 million during the next 18 months dependent on product delivery milestones, the companies said in a statement.

Immunet Chief Executive Oliver Friedrich co-founded SecurityFocus, which Symantec acquired in 2002, and Secure Networks, which McAfee bought in 1998.

The acquisition announcement comes on the heels of news yesterday that Dell is acquiring SecureWorks.

 

Discuss Sourcefire buys Immunet for $21 million

Conversation powered by Livefyre

Show Comments Hide Comments
Latest Articles from CNET
Fashion forward: Yahoo acquires social-shopping site Polyvore