Despite being a 13% premium over the May23rd closing price, at $7.50 per share, SourceFire declined Barracuda Networks unsolicited offer on May 30th. Interestingly, Barracuda is currently entangled in a patent dispute with Trend Micro over how they have implemented the open source anti-virus software ClamAV . The interesting thing to note here is that SourceFire acquired ClamAV in August of 2007. Is this unsolicited bid an attempt to short circuit the Trend Micro debacle? Maybe it was just a stab at retaining the fish marketing motif. Either way, it looks like SourceFire pulled it out of the wreckage by gapping up from $6.63 on Thursday the 29th to an opening price of $7.56 on Friday the 30th. The march upwards continues this morning with FIRE shares headed towards $7.75 as of 10:45EDT.
Analysis and Commentary, Mergers and Acquisitions
SourceFire Sidesteps Generous Offer From Barracuda
Analysis and Commentary, Mergers and Acquisitions
P-Synch Maker M-Tech Acquired by Hitachi
In "keeping up with the Joneses," Hitachi picks up M-Tech Information Technology, makers of the password synching product P-Synch for an undisclosed sum. Gideon Shoham, formerly the CEO of M-Tech, has been retained in that role but over the newly renamed "Hitachi ID Systems". This further fuels the trend of infrastructure product companies baking security into their products/portfolios. With other major vendors of storage solutions, such as Sun, IBM, and EMC picking up ID management talent, how much longer will we have to wait until we get easy-to-manage data element level authentication and authorization?
The press release can be found here .
Analysis and Commentary, Mergers and Acquisitions
The Prophecy Has Come True
Well, well! As previously mentioned here at Brightfly, Symantec has finally acquired the data loss prevention company Vontu. According to Symantec's press release, Symantec has signed a definitive agreement to acquire Vontu for $350 million, which will be paid in cash and assumed options. The acquisition is expected to close in the fourth calendar quarter of 2007.
Analysis and Commentary, Mergers and Acquisitions
Talk About Cradle to Grave Security
Investigation juggernaut Kroll has acquired TrialGraphix from their parent holding company Frontenac Co. for an undisclosed sum. TrialGraphix provides consulting and courtroom presentation services for litigation teams, corporate counsel, and trial lawyers. With this latest addition, Kroll can now find, investigate, and effectively assist in the prosecution of offenders. This further underscores their recent shift toward a more holistic risk management firm.
© 2008 Brightfly, Inc.
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