Feeds

Blue Coat buys Ositis

More security biz consolidation

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Security appliance vendor Blue Coat Systems today announced a deal to acquire anti-virus appliance firm Ositis Software in a cash and stock deal valued at approximately $7.1 million.

Blue Coat is to pay $1.0 million in cash and 363,125 shares of Blue Coat stock as part of the agreement, which is expected to close early next month.

The acquisition will add Ositis’ eShield email and Web anti-virus appliance to Blue Coat’s existing portfolio of security appliances, which already incorporate content filtering and instant messaging control features.

Ositis is the world’s third largest provider of anti-virus appliances, according to figures from IDC. IDC predicts the $26 million AV appliance market will grow to nearly $466 million by 2007.

In addition to the eShield anti-virus appliance, Ositis is also a provider of the WinProxy Internet sharing and proxy software, which is used by more than 300,000 users worldwide.

Blue Coat's acquisition of Ositis is a further sign of consolidation in the network security industry, which is approaching near-frenetic levels.

Symantec and SafeNet have been snapping up smaller security specialists as if they were going out of fashion in recent months (doesn't that suggest they are going out of fashion? - Ed). SafeNet last week announced a $457 million agreement to merge with Rainbow Technologies whilst Symantec has forked out $300 million in cash to boost its portfolio in the space of only six weeks.

Earlier this month NetScreen Technologies announced a deal to acquire SSL VPN company Neoteris for $265 million. ®

Related Stories

Symantec buys ON Technology
Symantec snaffles Safeweb
SafeNet seeks gold in Rainbow
NetScreen nets Neoteris for $265m
Blue Coat clamps down on rogue IM use

Beginner's guide to SSL certificates

More from The Register

next story
'Regin': The 'New Stuxnet' spook-grade SOFTWARE WEAPON described
'A degree of technical competence rarely seen'
You really need to do some tech support for Aunty Agnes
Free anti-virus software, expires, stops updating and p0wns the world
You stupid BRICK! PCs running Avast AV can't handle Windows fixes
Fix issued, fingers pointed, forums in flames
Regin: The super-spyware the security industry has been silent about
NSA fingered as likely source of complex malware family
Privacy bods offer GOV SPY VICTIMS a FREE SPYWARE SNIFFER
Looks for gov malware that evades most antivirus
Patch NOW! Microsoft slings emergency bug fix at Windows admins
Vulnerability promotes lusers to domain overlords ... oops
HACKERS can DELETE SURVEILLANCE DVRS remotely – report
Hikvision devices wide open to hacking, claim securobods
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.