Sourcefire turns down $186 million takeover bid

Posted by   Virus Bulletin on   Jun 3, 2008

Unsolicited offer from Barracuda Networks rejected.

Sourcefire, the open source specialists behind the popular Snort intrusion prevention system and backer of the ClamAV open-source anti-malware project, has announced that it has rejected an unexpected takeover bid from anti-spam appliance specialist Barracuda Networks, claiming the rumoured $186 million offer 'substantially undervalues' the company's worth.

Barracuda is a user of Sourcefire's ClamAV technology in some of its appliance products, and recently became embroiled in a patent row with Trend Micro over this implementation. The move to bring the development of the free scanning engine in-house has been seen by some as a move to gain leverage in the ongoing case.

A brief statement from Sourcefire is here, with the initial offer announcement from Barracuda here.

Posted on 03 June 2008 by Virus Bulletin

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