Tuesday, December 14, 2004
3Com Buys TippingPoint
The Register is reporting that 3Com is buying TippingPoint for $430 million. TippingPoint employs 125 people and makes the UnityOne layer 7 firewall... I mean "Intrusion Prevention System." This is huge, since The Register says TippingPoint "reported Q3 2005 revenues of $9.7m (up 44 per cent from $6.7m in Q2 2005) and a net loss of $1.8m for the three months up to October 31." $430 million is a huge multiple. Before I left Texas to join Foundstone in 2002, I was asked to interview at TippingPoint. It looks like their employees made out much better than Foundstone's!