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Internet security provider Check Point Software Technologies and Sourcefire, creator of Snort and... Check Point Software Techn

Submitted by admin on Fri, 2005-10-07 06:00.

Internet security provider Check Point Software Technologies and Sourcefire, creator of Snort and a provider of intrusion prevention and real-time network awareness solutions, today announced that they have signed a definitive agreement for Check Point to acquire privately held Sourcefire for a total consideration of approximately US$225 million.

The acquisition is subject to closing conditions including the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR) and Exxon-Florio Act of 1988 and is expected to close by Q106 shortly after receiving regulatory approvals.

Sourcefire is expected to further strengthen Check Point's perimeter, internal, web and endpoint security portfolio and to expand its opportunity to take advantage of the fast-growing Intrusion Prevention and Network Awareness Internet security segments.

Additionally, Check Point will gain access to the talent of Sourcefire employees, and strengthen its relationship with Sourcefire enterprise customers and the Snort community with tens of thousand of users worldwide.

Center product lines. These align perfectly with Check Point's vision for internal security and are ideal complements to our InterSpect and Integrity solutions," said Gil Shwed, chairman and chief executive officer of Check Point Software Technologies.

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