Cisco to buy security software maker Sourcefire for $2.7 bln

July 23 Tue Jul 23, 2013 8:08am EDT

July 23 (Reuters) - Cisco Systems Inc said it will buy software maker Sourcefire Inc for about $2.7 billion in cash to boost its network security offerings.

Cisco will pay $76 per share for the company, a premium of 28.6 percent over its Monday closing price of $59.08.