Open-source security vendor Sourcefire has secured US$20 million in funding, the company announced last week.
The network intrusion prevention (IPS) vendor will use the
funds to expand in Europe, recruiting country managers and security engineers in
France, Benelux, Germany and Japan, and enlisting new channel partners.
Sourcefire is best known for its popular Snort open-source IPS product.
security problems in October, with exploit code being published that
demonstrated how vulnerabilities in a Snort sensor designed to detect an exploit
tool called Back Orifice can be subject to a buffer overflow attack. Back
Orifice is used by remote intruders to take control of compromised systems.
The funding was led by venture capitalists Meritech Capital
Partners. All previous Sourcefire venture investors, Sierra Ventures, New
Enterprise Associates, Sequoia Capital, Core Capital Partners, and Inflection
Point Ventures participated in the round.
The IPS vendor claims the "capital will provide Sourcefire
with both a 'bullet-proof' balance sheet and the resources needed to
aggressively pursue new market opportunities and product innovations."
"We believe that this is the perfect time for Sourcefire to
broaden its leadership in next generation network security. With this capital
infusion we will be able to extend our technology innovations into attractive
related markets while continuing to grow worldwide market share," said Wayne
Jackson, chief executive officer of Sourcefire.