The News

Cobion acquired by Internet Security Systems

16/02/2004

Cobion AG, a pioneer in content security, has been acquired by Internet Security Systems, Inc. (Nasdaq: ISSX), a US-based leader in internet security systems. The price was  €26 million.

Sofinnova Partners invested in Cobion, which was founded in Kassel, Germany,  in 1997, at the invitation of Wellington Partners in October 2003. Cobion was the first investment ever made by Sofinnova Partners in the IT sector in Germany. The sale of Cobion is a sign of a recovery in mergers and acquisitions activity in the software industry. By joining forces, the two leading players in the security business will be able to deliver advanced security solutions in the fast-growing content-filtering and anti-spam security sectors. The global market for content security is expected to reach $ 1.5 billion in 2006. ISS acquired Cobion for its intelligent content analysis technology, spam and Web content filtering databases, and its robust research infrastructure. The Cobion technology will be immediately assimilated into the ISS Proventia ™ product family.

2004

Click here for the site of Sofinnova Ventures, our sister firm in San Francisco http://www.sofinnova.com