Cisco Pays $2.7 Billion for Security Player Sourcefire

Networking giant Cisco Systems said today that it will pay $2.7 billion for Sourcefire, a security equipment company based in Columbia, Md. The deal was announced in a corporate blog post. Sourcefire specializes in intrusion-detection appliances. Its products are based on open-source intrusion-detection software called Snort, which it created. It was started in 2001, has … Continue reading

WhaleShark Media Hires CFO With Public Company Experience

WhaleShark Media, the profitable coupon company that generated more than $140 million in revenue last year, has hired Douglas Jeffries as its new chief financial officer. The Austin, Texas-based company said Jeffries will manage WhaleShark’s global finance, legal, facilities and human resource teams — and at this rate, he’s presumably being brought on board to … Continue reading