We recently heard rumblings about open source security provider Sourcefire might be going public. Today we here at Security Digest heard confirmation from their Canadian rep that the company will in fact be going public in 2007. This is some good news for the company after the US government blocked the attempted purchase by Checkpoint Software Technologies. This is an interesting IPO. Sourcefire is the first open source company to go public since 1998 and the first security vendor to go public since 2001.
“The SNORT® open source intrusion prevention and detection technology was created in 1998 by Martin Roesch, the founder of Sourcefire. With its dramatic speed, power and performance, Snort® quickly gained momentum to become the single most widely deployed intrusion prevention and detection technology in the world.”
Here is the link to their SEC filing. Here is a less than motivational quote from the “certain risk” section “As we have had operating losses since our inception and we expect operating expenses to increase in the foreseeable future, we may never reach or maintain profitability.”
Now, where’s my brokers number?
UPDATE: Wow, I really missed the boat on this one. People having been talking about this one for over a month now…sigh.
[tags]Sourcefire, Checkpoint, IPO, Snort[/tags]
