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Cybersecurity buy shows off D.C. tech chops

A recent move by networking brand Cisco to acquire the technological firm Sourcefire could be a sign of similar mergers and acquisitions in the Maryland region in the future. Sources in the industry report that a new round of purchasing could result from this initial move, which indicates the importance of the cybersecurity movement after the Sept. 11, 2001, terror attacks.

Most technological gurus would expect such business advances to be occurring in California's Silicon Valley, but these changes seem to be occurring closer to home with more frequency. Tech councils in Maryland and the Washington, D.C., area say the onslaught of mergers and acquisitions will revitalize the industry in the area, making it a top contender for national dominance.

The metro area is currently teeming with cyber businesses. Others are springing up near the National Security Agency in Anne Arundel County, Maryland.

The company most recently acquired, Sourcefire, is known for its programs that detect potential hacks through a security screen. In other words, the software can help tell the user whether someone is attempting to illegally access one's network. In a playful move, the company calls its main offering Snort, branding it with a vicious-looking pig. The company sold for about $2.7 billion, affirming the fact that the Washington, D.C., area is now replete with qualified tech endeavors.

This most recent acquisition is just the latest in a long string for Cisco, which has bought a slew of security-related applications in recent years. These purchases include ScanSafe and the Czech artificial intelligence software known as Cognitive Security.

If your company is seeking acquisition of another tech firm, consider seeking the assistance of a qualified business law firm. These professionals can help you manage the details of your business decision while you are freed up to manage the day-to-day operations. Trust your valued business attorneys to improve your earning power by negotiating an air-tight legal merger.


Source: 
www.washingtonpost.com, "Cisco-cybersecurity company deal could lead to more in D.C. region, analysts say" Mohana Ravindranath, Jul. 28, 2013

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