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 … Read more