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![]() After a setback, Roesch stands ready for another chance at open source success | |
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That's why Roesch and his team at Sourcefire are confident the timing is right for an initial public offering next year, as they seek to raise $75 million. Sourcefire also sells proprietary network security products.
It's a heady move for a company that's never made a dime's profit. Sourcefire almost reached the promised land earlier this year, when Israel's Check Point Software Technologies agreed to acquire it for $225 million. But the U.S. Committee on Foreign Investment, an interagency committee chaired by the treasury secretary, scotched the deal in March.
Sourcefire rebounded and in May secured a $20 million investment from Meritech Capital Partners. Snort is once again smelling like an open source success.