Sourcefire announced the acquisition of Immunet, a provider of cloud-based anti-malware technologies.
The total acquisition price is $21 million in cash, which included $17 million paid at closing and $4 million expected to be paid over the next 18 months upon achievement of product delivery milestones related to the enterprise version of Immunet’s product.
Sourcefire will retain all fulltime Immunet personnel, including founders Oliver Friedrichs, Alfred Huger and Adam O’Donnell. Immunet employees will join Sourcefire within the Office of the CTO.
Immunet combines the collective intelligence of a growing user community, the speed of cloud computing, data mining, and machine learning technologies to provide a new approach to cybersecurity.
“Immunet is a disruptive innovator in delivering cloud-based security solutions with over 750,000 users in 192 countries,” said John Burris, CEO of Sourcefire.
“This acquisition enables Sourcefire to accelerate our cloud initiatives and provides significant value to customers by protecting them against advanced client-side attacks. Immunet’s technologies build upon Sourcefire’s reputation for providing customers with innovative solutions that protect them from the latest threats.”
This acquisition immediately enables Sourcefire to provide endpoint protection from client-side attacks and Advanced Persistent Threats (APT). The cloud-based platform also enables innovative approaches to reputation services, data loss prevention and forensics. Combined with Sourcefire’s network intrusion prevention system (IPS), customers get the most comprehensive protection against today’s threats from cloud to core.