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McAfee, Inc.

Cisco to buy Columbia's Sourcefire for $2.7B

Cisco to buy Columbia's Sourcefire for $2.7B

A marquee name in the technology industry said Tuesday that it is buying Columbia-based Sourcefire — a homegrown player in the hot cybersecurity field — for $2.7 billion cash. Cisco Systems wants to bolster its security offerings with Sourcefire products, which protect the computers and networks of major businesses and government agencies. The Silicon Valley firm — eager to tap new talent and increase its footprint in the East Coast's major cyber hub — said Sourcefire's headquarters will remain in Columbia and it does not plan any job cuts. Sourcefire employs more than 650 worldwide, 320 of them locally. "We're very much looking forward to...