Blue Coat Systems taken private for $1.3 billion cash

[InfoSec News <alerts () infosecnews org>]

http://news.techworld.com/security/3338094/blue-coat-systems-taken-private-for-13-billion-cash/

By John E Dunn
Techworld
16 February 2012

Security vendor Blue Coat Systems is once again a private company after 
the company’s shareholders confirmed a December takeover that values the 
company at $1.3 billion (£830 million).

The acquisition by private equity company Thoma Bravo brings full circle 
over a decade of quoted existence after Blue Coat (then called 
CacheFlow) took itself public during the height of the dot.com boom in 
1999.

Since then Blue Coat has more often than not been the acquiring party, 
buying the high-rated traffic management outfit Packeteer in 2008. 
Founded in the mid-1990s, in 2002 with the dot.com bust in full swing, 
the company changed its name to Blue Coat Systems.

Interestingly, at more than $25 per share in cash, Thoma Bravo has 
agreed to pay a hefty premium over the company’s share price to get its 
hands on a middle-ranking security and infrastructure company.

[...]

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