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Sourcefire files for IPONick Selby, October 25, 2006 @ 4:39 pm ET
Sourcefire, Inc., founded by Snort creator Marty Roesch, has filed a registration statement with the Securities and Exchange Commission to go public. The Columbia, Maryland-based company says in the filing that 2005 revenues rose 97%, to $32.9m from $16.7m. For the nine months ended September 30, 2006 revenues increased 36%, to $28.9m from $21.2m over the nine months ending September 30, 2005. Sourcefire says that of 83% of its revenue derived from North America.
With the $20m in late stage funding it took this May, Sourcefire’s external funding totaled $53.65m. In March it said it was on pace for a run rate of more than $50m in 2006; third-quarter sales may yet bring it to that figure – though we note that when the Check Point acquisition of Sourcefire tanked early this year, Check Point said that it had expected Sourcefire to contribute $40m for the full year of 2006.
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