Sourcefire Acquires Cloud-based Anti-virus Maker Immunet for USD 21 Million By Kiril Kirilov Cybersecurity solutions provider Sourcefire has acquired Immunet, a cloud-based anti-virus start-up, in a deal worth USD 21 million, the two companies said in a press release. Massachusetts-based Sourcefire is to pay initial USD 17 million in cash while the rest of the sum will be paid within 18 months following continuing development of enterprise version of Immunet’s product. Immunet’s founders Oliver Friedrichs, Alfred Huger and Adam O’Donnell are expected to retain their positions with the company. Immunet utilizes its Collective Immunity™ technology that does not require downloads to
altos ventures
California software as a service company Provade Inc., which has a product development office in downtown Milwaukee, said Tuesday it raised $3 million in new funding. San Mateo, Calif.-based Provade focuses on vendor management system technology for global work force spend management. The financing round was led by Palo Alto, Calif.-based Asset Management Company. Also participating were Menlo Park, Calif.-based Altos Ventures and Harbor Pacific Capital, also of Palo Alto. With the latest funding, total venture investment in the company now exceeds $23 million. Read more: Provade raises $3M in new funding – The Business Journal of Milwaukee
