Cisco Systems, the largest producer of networking equipment in the world has announced the acquisition of Sourcefire (opens in new tab), a developer of network security software and hardware for approximately $2.7 million (£1.8 million).
The move is designed to further bolster Cisco's cyber-security ability and credentials in order to fend off competition from smaller firewall-producing companies.
Sourcefire, a publicly listed company, produces advanced security software that protects against sophisticated network malware, advanced persistent threats and targeted attacks. The technology is used extensively by the US government.
"The notion of the 'perimeter' no longer exists and today's sophisticated threats are able to circumvent traditional, disparate security products. Organizations require continuous and pervasive advanced threat protection that addresses each phase of the attack continuum," said Christopher Young, senior vice president of Cisco Security Group.
"With the acquisition of Sourcefire, we believe our customers will benefit from one of the industry's most comprehensive, integrated security solutions – one that is simpler to deploy, and offers better security intelligence."
Martin Roesch, founder and chief technology officer at Sourcefire commented, "Cisco's acquisition of Sourcefire will help accelerate the realization of our vision for a new model of security across the extended network.
"We're excited about the opportunities ahead to expand our footprint via Cisco's global reach, as well as Cisco's commitment to support our pace of innovation in both commercial markets and the open source community."
Cisco has already this year purchased small cell specialist Ubiquisys (opens in new tab) and mobile network management software maker Intucell (opens in new tab), spending around £500 million in the process.