Howard County cyber company AirPatrol acquired by Silicon Valley firm - Technical.ly Baltimore

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Apr. 22, 2014 8:15 am

Howard County cyber company AirPatrol acquired by Silicon Valley firm

AirPatrol Corp. has been acquired by Silicon Valley-based cyber company Sysorex Global Holdings Corp. for at least $20 million in cash and common stock, and possibly an "earn-out of up to" $10 million depending on AirPatrol's profitability.

AirPatrol with Howard County Executive Ken Ulman, center, during the February ribbon-cutting at the company's new headquarters. Photo via Facebook.

Another cybersecurity company from the Baltimore region has joined the ranks of Sourcefire, the Baltimore County cyber company bought by Cisco Systems for $2.7 billion in summer 2013.

AirPatrol Corp. has been acquired by Silicon Valley-based cyber company Sysorex Global Holdings Corp. for at least $20 million in cash and common stock, and possibly an “earn-out of up to” $10 million depending on AirPatrol’s profitability.

Howard County-based AirPatrol “focuses on wireless and mobile systems” and “has become a subsidiary of Sysorex and will retain its management and operations,” according to the Baltimore Business Journal.

The company employs 25 people worldwide and 12 people full-time at AirPatrol’s Howard County headquarters, which opened in February.

Companies: Sourcefire, Cisco
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