Bain to buy Blue Coat for about $2.4 billion

[InfoSec News <alerts () infosecnews org>]

http://www.reuters.com/article/2015/03/10/us-bluecoat-m-a-bain-idUSKBN0M615V20150310

BY GREG ROUMELIOTIS
Reuters.com
March 10, 2015

Bain Capital LLC will acquire Blue Coat Systems Inc from fellow private 
equity firm Thoma Bravo LLC in a deal that the network security company 
said on Tuesday would value it at about $2.4 billion, including debt.

The deal comes amid strong demand for cybersecurity technology following a 
spate of high-profile breaches that have crippled businesses and rattled 
conglomerates such as Sony Corp and Target Corp.

"This is a land-grab market opportunity, and private equity as well as 
larger tech players, have a strong appetite for vendors that play in this 
$15 to $20 billion market opportunity," said FBR Capital Markets analyst 
Daniel Ives.

[...]



--
Evident.io - Continuous Cloud Security for AWS.
Identify and mitigate risks in 5 minutes or less.
Sign up for a free trial @ https://evident.io/