Cisco's acquisition of cyber security firm Sourcefire has been finalised.
The $2.7 billion acquisition, which was announced in July, equates to $76 in cash per Sourcefire share. Under the deal, Cisco will assume outstanding equity awards, including retention-based incentives.
The acquisition will help Cisco protect its users across 'modern networked environments', according Christopher Young, senior vice president of Cisco's Security Group.
"The increased scrutiny on security is being driven by the evolving trends of mobility, cloud computing, and advanced targeted attacks," Young said.
"Our focus is to examine the nature of modern networked environments and devices and to defend them by deeply understanding and analysing the mindset of attackers."
Sourcefire's existing employees will join the Cisco Security Group under Young, while Sourcefire's founder Martin Roesch will report to Young in his new role as the VP and chief architect.
The cyber security company generated $233.1 million in revenue for FY12, representing a year-over-year increase of 35 percent.
Sourcefire's shares were due to be delisted from the NASDAQ stock market by the close of business yesterday.
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