As businesses move beyond their network's firewall to cloud and mobile computing, their systems are becoming more exposed. Meanwhile, cyber attacks are ramping up. Which explains the string of recent investments and acquisitions into cybersecurity firms.
Cisco is the latest. The networking equipment maker announced today plans to acquire cybersecurity firm SourceFire for $2.7 billion, a purchase that will beef up the company's anti-hacking offerings, including next-generation intrusion prevention systems, firewalls and advanced malware protection.
The acquisition will help Cisco breakout beyond its traditional networking hardware and software roots and offer a more expansive modern portfolio of services.
Cisco's customers' biggest security challenges are finding ways to reduce complexity and fragmentation, continuously protect across a dynamic landscape and maintain timely security and compliance with changing business models, the company said in a presentation on the announcement. Cisco believes SourceFire, a growing company that experienced 35 percent revenue growth in 2012, will allow it to offer such a comprehensive security approach.
This post was originally published on Smartplanet.com