Feeds

Blue Coat buys Ositis

More security biz consolidation

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

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

Protecting users from Firesheep and other Sidejacking attacks with SSL

More from The Register

next story
Spies would need SUPER POWERS to tap undersea cables
Why mess with armoured 10kV cables when land-based, and legal, snoop tools are easier?
Early result from Scots indyref vote? NAW, Jimmy - it's a SCAM
Anyone claiming to know before tomorrow is telling porkies
Jihadi terrorists DIDN'T encrypt their comms 'cos of Snowden leaks
Intel bods' analysis concludes 'no significant change' after whistle was blown
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
TOR users become FBI's No.1 hacking target after legal power grab
Be afeared, me hearties, these scoundrels be spying our signals
Hackers pop Brazil newspaper to root home routers
Step One: try default passwords. Step Two: Repeat Step One until success
China hacked US Army transport orgs TWENTY TIMES in ONE YEAR
FBI et al knew of nine hacks - but didn't tell TRANSCOM
Microsoft to patch ASP.NET mess even if you don't
We know what's good for you, because we made the mess says Redmond
NORKS ban Wi-Fi and satellite internet at embassies
Crackdown on tardy diplomatic sysadmins providing accidental unfiltered internet access
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.