Profile: Sourcefire Inc (FIRE.O)

Sourcefire, Inc. (Sourcefire), incorporated on December 13, 2001, is engaged in the business of delivering intelligent cybersecurity technologies. The Company provides a portfolio of solutions that enables commercial enterprises and government agencies worldwide to manage and minimize cybersecurity risks. Sourcefire provides customers with Agile Security that consists of hardware with embedded software, software and cloud-based solutions. It sells its solutions to a customer base that includes Global 2000 companies, global enterprises, the United States and international government agencies, and small and mid-size businesses. During the year ended December 31, 2012, it generated approximately 67% of the Company’s revenue from customers in the United States, and 33% of the Company’s revenue from customers outside of the United States. As of December 31, 2012, its product revenue and services revenue represented 61% and 39% of its total revenue, respectively.

During 2012, the Company enhanced its intrusion prevention product line and expanded its solutions to two adjacent markets, the firewall and advanced malware protection markets. This included the introduction ofSourcefire 8290, 8270, and 7000 Series FirePOWER appliances, that provide addition of these new models gives the FirePOWER Appliance family a performance range from 50 megabytes per second (Mbps) to 40+gigabytes per second (Gbps) of inspected throughput; Sourcefire Virtual Next-Generation IPS with Application Control, provides advanced threat protection for virtualized environments along with application control, URL filtering and a virtual management console; Sourcefire FireAMP, provides an intelligent, enterprise-class malware discovery and analysis solution that analyzes and blocks malware through big data analytics; Sourcefire FireAMP Mobile, a mobile device security product that identifies and remediates advanced malware using big data analytics; Sourcefire FireAMP Virtual, protects VMware virtual instances from advanced malware and stops threats that bypass other security layers, and Advanced Malware Protection for FirePOWER , a comprehensive malware protection solution for networks that enables detection and blocking, continuous analysis and retrospective alerting and leverages cloud security intelligence.

Network Security Platform

The Company’s network security solutions with its FirePOWER platform is a family of high-performance, energy-efficient, network security appliances with flexible deployment options that include Next Generation Intrusion Prevention System (NGIPS), Next Generation Firewall (NGFW) and Advanced Malware Protection. The Company’s Sourcefire’s NGIPS uses a flexible rules-based language for advanced threat protection. Sourcefire appliances equipped with Sourcefire NGIPS software can be placed in passive intrusion detection, or IDS, mode to notify users of network traffic or in inline mode to block threats. The Company’s Sourcefire's NGFW offers application control integrated with Sourcefire’s industry-leading NGIPS and firewall capabilities in a universal, high-performance security appliance. The Company’s Optional security licenses includes Application Control for detailed control of client and Web based applications; URL Filtering for filtering of URL's by site or reputation; and Advanced Malware Protection for FirePOWER to detect and block malware on the network.

The Company’s Sourcefire SSL Appliance decrypts SSL traffic for inspection by network security appliances, allowing security teams to eliminate blind spots and monitor SSL traffic for embedded attacks and data leakage. The Company’s Sourcefire Virtual Appliance extends its network security capabilities to environments where physical appliances are impractical. Sourcefire offers security solutions for VMware, Citrix (Xen) and Red Hat (KVM) virtual environments. The Company’s

Advanced Malware Protection

Sourcefire’s advanced malware protection solution uses technology. FireAMP is an intelligent, enterprise-class advanced malware protection solution that uses huge data analytics to discover, understand and block advanced malware outbreaks. FireAMP delivers the visibility and control needed to stop threats missed by other security layers. FirePOWER provides protection against sophisticated network malware, advanced persistent threats, or APTs, and targeted attacks by enabling continuous visibility, analysis and control before, during and after an attack.

Management

The Sourcefire Defense Center unifies the critical security functions of the Sourcefire next-generation network security platform using FireSIGHT awareness technology to correlate and prioritize event data with network and user awareness. The Sourcefire Virtual Defense Center provides the same monitoring and management controls as its physical counterpart.

Open Source Projects

The traffic inspection engine used in its intrusion prevention system is the open source technology called Snort. The Fortune 100 companies and 30 of the United States government agencies use Snort technology to monitor network traffic and that Snort is the commonly deployed intrusion prevention technology. Snort is also the standard intrusion technology used in colleges and universities to teach network security.

ClamAV is the commonly used open source anti-malware products. Renowned for its speed and accuracy, ClamAV has been integrated within enterprise solutions to identify deeply embedded threats, such as viruses, trojans, spyware and other forms of malware.

Razorback is an open-source project that addresses complex threat detection and protection, including deep file inspection and defense coordination. This project provides enterprise defense teams with an open source detection platform for developing the kinds of detection necessary to combat advanced persistent threat (APT), and client-side attacks in conjunction with their existing security technologies.

Services

In addition to its commercial product offerings and open source projects, the Company offers services to aid its customers and partners with installing and supporting its solutions. The services include Sourcefire Customer Support, Sourcefire Professional Services and Sourcefire Education & Certification. Sourcefire’s customer support services include online technical support, over-the-phone support, hardware repair and advanced replacement, and ongoing software updates to Sourcefire products. Sourcefire training includes instructor-led and custom classes delivered at various locations around the world, onsite at customer premises and online. Security professionals can achieve certifications for Sourcefire products, as well as open source Snort.

The Company competes with Cisco Systems, Inc., IBM Corporation, HP Corporation, Check Point Software Technologies, Ltd. and Intel Corporation.