Sourcefire Files for IPO, But Acquisition Possible

Even though Sourcefire, which develops and markets a commercial version of the open-source Snort intrusion-prevention software, has filed for an IPO, speculation persists that the company might be acquired before it trades under the NASDAQ ticker symbol "FIRE."

One potential acquirer of Sourcefire is Hewlett-Packard, which has been shopping for security purchases recently.

As reported by CRN, Sourcefire agreed to be acquired by Israel-based Check Point Software Technologies in October 2005, but the $225-million deal was aborted because of the US government’s regulatory concerns. Sourcefire’s Snort is used by the USA’s Department of Defense and other government agencies, as well as by several large corporations.

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