Networking - Thursday, January 4, 2007
IronPort/Cisco: Hands Down The Year's Big Buy-out
Only a few days into the new year and we have welcome news that this might be a rich year. Cisco will pay $830M for IronPort Systems in cash and stock. IronPort has raised around $94M in VC funding since 2000 from Allegis Capital, Menlo Ventures, Amicus, ChevronTexaco, GM, NEA, Rembrandt Ventures, Starter Fluid and Western Technology Investment. It looks like it could be a massive multiple as IronPort had an estimated $25M in revenues during 2005.
The deal is sweet for anyone involved with message security as Cisco is signalling that it is about more than just network security. IronPort has made a name for itself with a hardware/software solution that kills pesky spam that contain web links that are embedded in emails.
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