Feeds

Private investor pays $1.3bn to don Blue Coat

Suits you, sir

Internet Security Threat Report 2014

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. ®

Remote control for virtualized desktops

More from The Register

next story
UK smart meters arrive in 2020. Hackers have ALREADY found a flaw
Energy summit bods warned of free energy bonanza
DRUPAL-OPCALYPSE! Devs say best assume your CMS is owned
SQLi hole was hit hard, fast, and before most admins knew it needed patching
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Mozilla releases geolocating WiFi sniffer for Android
As if the civilians who never change access point passwords will ever opt out of this one
Why weasel words might not work for Whisper
CEO suspends editor but privacy questions remain
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.