Feeds

Private investor pays $1.3bn to don Blue Coat

Suits you, sir

Beginner's guide to SSL certificates

Web security and WAN optimisation appliance firm Blue Coat Systems has been acquired by private equity investment outfit Thoma Bravo in a deal valued at about $1.3 billion.

Under the terms of the deal, shareholders will receive $25.81 in cash for each share of Blue Coat common stock they hold, a premium of around 48 per cent based on Blue Coat’s closing price on Thursday. The high growth potential in cyber-security market, coupled with a downturn in traditional defence spending, have persuaded investors and military contractors to splash out on infosecurity firms in recent years.

Other notable deals include Intel’s $7.8bn acquisition of McAfee, which completed in February, and Apax Partners’ acquisition of Sophos last year.

The Blue Coat deal, which is subject to regulatory and shareholder approval, is expected to close in the first quarter of 2012.

Blue Coat started life as a caching specialist called CacheFlow before branching into web filtering and application delivery technology. It changed its name and made several acquisitions along the way. Evidence emerged last month that the the Syrian government used Blue Coat's technology to restrict internet access in the country.

The US has had trade embargoes against Syria since 2004. Blue Coat, which said it doesn't sell to Syria, said its products arrived in the country via a shipment it believed was bound for Iraq. The vendor has notified the US government, which is running an investigation into the matter. ®

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
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
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
UK.gov lobs another fistful of change at SME infosec nightmares
Senior Lib Dem in 'trying to be relevant' shocker. It's only taxpayers' money, after all
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.