COLUMBIA, Md.--(BUSINESS WIRE)--May 30, 2008--Open source
innovator and SNORT(R) creator, Sourcefire, Inc. (Nasdaq: FIRE), a
leader in Enterprise Threat Management, today announced that its Board
of Directors has carefully reviewed privately-held Barracuda Networks,
Inc.'s unsolicited acquisition proposal and has concluded that the
proposal is not in the best interests of Sourcefire and its
stockholders. The Board believes that the proposal substantially
undervalues Sourcefire.
Joseph Chinnici, Chairman of the Board of Sourcefire commented,
"Sourcefire remains committed to maximizing stockholder value by
continuing with its stated plans to complete its Chief Executive
Officer transition and growing the business by executing on its
strategy."
About Sourcefire
Sourcefire, Inc. (Nasdaq: FIRE), Snort creator and open source
innovator, is a world leader in Enterprise Threat Management (ETM)
solutions. Sourcefire is transforming the way Global 2000
organizations and government agencies manage and minimize network
security risks with its 3D Approach - Discover, Determine, Defend - to
securing real networks. This ETM approach equips customers with an
efficient and effective layered security defense - protecting network
assets before, during and after an attack. Through the years,
Sourcefire has been consistently recognized for its innovation and
industry leadership by customers, media and industry analysts alike -
with more than 30 awards and accolades. Today, the names Sourcefire
and founder Martin Roesch have grown synonymous with innovation and
network security intelligence. For more information about Sourcefire,
please visit http://www.sourcefire.com.
SOURCEFIRE(R), SNORT(R), the Sourcefire logo, the Snort and Pig
logo, SECURITY FOR THE REAL WORLD(TM), SOURCEFIRE DEFENSE CENTER(TM),
SOURCEFIRE 3D(TM), RNA(TM), DAEMONLOGGER(TM), CLAMAV(TM), SOURCEFIRE
SOLUTIONS NETWORK(TM), and certain other trademarks and logos are
trademarks or registered trademarks of Sourcefire, Inc. in the United
States and other countries. Other company, product and service names
may be trademarks or service marks of others.
Cautionary Language Concerning Forward-Looking Statements
The statements contained in this release that are not historical
facts are "forward-looking statements" (as such term is defined in the
Private Securities Litigation Reform Act of 1995) that involve risks
and uncertainties. These statements include our plans and our
expectations regarding our future financial prospects. Sourcefire
cautions the reader that these forward-looking statements are only
predictions and are subject to a number of both known and unknown
risks and uncertainties, and actual results, performance, and/or
achievements of Sourcefire may differ materially from the future
results, performance, and/or achievements expressed or implied by
these forward-looking statements as a result of a number of factors.
These factors include, without limitation, those risks and
uncertainties described from time to time in the reports filed by
Sourcefire with the Securities and Exchange Commission. Sourcefire
undertakes no obligation to update any forward-looking statements.
CONTACT: Media:
Welz & Weisel Communications
Tony Welz, 703-218-3555 x226
Principal
tony@w2comm.com
or
Investor:
Sourcefire, Inc.
Tania Almond, 410-423-1919
Investor Relations Officer
tania.almond@sourcefire.com
SOURCE: Sourcefire, Inc.