Feeds

Feds nix Check Point's Sourcefire bid

$255m deal sunk

Protecting users from Firesheep and other Sidejacking attacks with SSL

A takeover bid by an Israeli firewall firm has become the latest victim of US security protectionism. Check Point Software has dropped its bid for US rival Sourcefire after objections from the FBI and Pentagon were heard by the Treasury's Committee on Foreign Investments.

The Committee has also overseen the recent rumpus surrounding the Dubai carve-up of P&O, which would put Arab business in control of US ports.

Federal agency objections to the security software tie-up centre on the implementation of Sourcefire's anti-intrusion software 'Snort' by the Bureau and Department of Defense, AP reports. In private meetings between the panel and Check Point, FBI and Pentagon officials took exception to letting foreigners acquire the sensitive technology.

If the $225m deal had gone ahead as announced back in October, Check Point would have got the rights to all patents and source code. Check Point says the two companies will find ways round the roadblock. CEO Gil Shwed said: "We've decided to pursue alternative ways for Check Point and Sourcefire to partner in order to bring to market the most comprehensive security solutions."

Company lawyers had tried to salvage the deal by offering to attach conditions intended to satisfy the Feds, despite execs feeling they were onerous. Agreement could still not be reached.

The full Committee investigation into Check Point's bid began in early February. According to AP just being investigated often sounds a death knell for foreign investment - about half of companies pull out of their bids rather than face rejection.®

The next step in data security

More from The Register

next story
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Infosec geniuses hack a Canon PRINTER and install DOOM
Internet of Stuff securo-cockups strike yet again
'Speargun' program is fantasy, says cable operator
We just might notice if you cut our cables
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
YouTube, Amazon and Yahoo! caught in malvertising mess
Cisco says 'Kyle and Stan' attack is spreading through compromised ad networks
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
Greater dev access to iOS 8 will put us AT RISK from HACKERS
Knocking holes in Apple's walled garden could backfire, says securo-chap
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.