Cisco Systems buys Columbia-based Sourcefire for $2.7B in cash [Startup Roundup] - Technical.ly Baltimore

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Jul. 24, 2013 9:00 am

Cisco Systems buys Columbia-based Sourcefire for $2.7B in cash [Startup Roundup]

This is the Startup Roundup. Every Wednesday morning, Technically Baltimore will put together the smaller pieces that make up our startup ecosystem.

Who’s Getting Funded?

Theranostics Health, based in Rockville, has raised $1.05 million in debt, according to SEC filings. The biotech company provides “protein-based discovery and translational research services to drug development companies,” according to its website.

Riskive, as we mentioned in last week’s Startup Roundup and in another story Tuesday, has raised $2.2 million in equity, with help from investors locally and from Philadelphia and D.C.

The Maryland Technology Development Corporation (TEDCO) has invested $1.1 million in 14 startups since September 2012, as Technically Baltimore reported Tuesday.

who’s making moves?

Cisco Systems announced its acquisition of Columbia-based cybersecurity firm Sourcefire for $2.7 billion in cash, reported the Baltimore Business Journal. Sourcefire, founded in 2001, completed its IPO in 2007. In 2012, it reported a profit of $5 million. According to the BBJ, no layoffs are expected at Sourcefire.

Venture for America, the national nonprofit that places recent college graduates in two-year commitments with startups in eight cities across the U.S., recruited seven fellows to work at Baltimore city startups starting next month.

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