Feeds

Blue Coat buys Ositis

More security biz consolidation

  • alert
  • submit to reddit

Using blade systems to cut costs and sharpen efficiencies

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

The smart choice: opportunity from uncertainty

More from The Register

next story
NEW, SINISTER web tracking tech fingerprints your computer by making it draw
Have you been on YouPorn lately, perhaps? White House website?
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Black Hat anti-Tor talk smashed by lawyers' wrecking ball
Unmasking hidden users is too hot for Carnegie-Mellon
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
Don't look, Snowden: Security biz chases Tails with zero-day flaws alert
Exodus vows not to sell secrets of whistleblower's favorite OS
Own a Cisco modem or wireless gateway? It might be owned by someone else, too
Remote code exec in HTTP server hands kit to bad guys
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.