Home › Bain Capital to buy Blue Coat Systems for USD 2.4 bln
 

Keywords :   


Bain Capital to buy Blue Coat Systems for USD 2.4 bln

2015-03-10 15:18:00| Telecompaper Headlines

(Telecompaper) Enterprise security specialist Blue Coat Systems is being acquired by the private equity group Bain Capital. It will pay USD 2.4 billion to acquire the company from investor Thoma Bravo, which bought Blue Coat at the end of 2011 for USD 1.3 billion. During the past three years, Blue Coat has experienced strong market share and revenue growth in its major product lines and now counts 80 percent of the Fortune 500 as customers. The company has also made several acquisitions, extending its portfolio to advanced threat defense, security analytics and encrypted traffic management. Blue Coat said the new investor should help the company further accelerate its growth. The takeover is expected to close during the first half of 2015.

Tags: buy systems blue capital

Category:Telecommunications

Latest from this category

All news
»
28.09Eastern North Pacific Tropical Weather Outlook
28.09Atlantic Tropical Weather Outlook
28.09Post-Tropical Cyclone Helene Public Advisory Number 21
28.09Tropical Storm Joyce Public Advisory Number 5
28.09Summary for Tropical Storm Joyce (AT1/AL112024)
28.09Post-Tropical Cyclone Helene Public Advisory Number 21
28.09Tropical Storm Joyce Forecast Discussion Number 5
28.09Tropical Storm Joyce Wind Speed Probabilities Number 5
More »