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.
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