Aho-Corasick (AC) algorithm is a multiple patterns string matching algorithm commonly used in many applications with real-time performance requirements. In this paper, we parallelize the AC algorithm on the Intel’s Many Integrated Core (MIC) Architecture, Xeon Phi Coprocessor. We propose a new technique to compress the Deterministic Finite Automaton structure which represents the set of pattern strings again which the input data is inspected for possible matches. The new technique reduces the cache misses and leads to significantly improved performance on Xeon Phi.