Summer Savings! Get unlimited digital access for 13 weeks for $13.

Maryland

News Maryland

Bye bye Sourcefire

Sourcefire quickly went from a startup in a Carroll County living room to a major player in the hot cybersecurity field. That made the Columbia firm a tempting target and tech giant Cisco Systems bit.

The Silicon Valley firm swallowed up Sourcefire for $2.7 billion in October, closing a deal announced in July.

Cisco wasn't Sourcefire's first suitor — an anti-spam firm offered $206 million in 2008 for the then-struggling Sourcefire — not even a tenth of what Cisco later paid.

Tech entrepreneur Martin Roesch started Sourcefire in 2001, building it around a free network security program he'd developed three years earlier.

"I had ideas of how to monetize an open-source project, so I took the ball and ran with it," Roesch said in July. "And it worked. Not too many people thought it would."

—Jamie Smith Hopkins

Lloyd Fox, Baltimore Sun
Loading

86°