Bain Capital buys network security/web filter company Blue Coat
Source: Reuters
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.
Read more: http://www.reuters.com/article/2015/03/10/us-bluecoat-m-a-bain-idUSKBN0M615V20150310
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July 2013:
Report: Web monitoring devices made by U.S. firm Blue Coat detected in Iran, Sudan
http://www.washingtonpost.com/world/national-security/report-web-monitoring-devices-made-by-us-firm-blue-coat-detected-in-iran-sudan/2013/07/08/09877ad6-e7cf-11e2-a301-ea5a8116d211_story.html
May 2013:
SYRIA USING 34 BLUE COAT SERVERS TO SPY ON INTERNET USERS
http://en.rsf.org/syria-syria-using-34-blue-coat-servers-23-05-2013,44664.html
January 2013:
Blue Coat: Stop Allowing Department of Defense and Other Customers to Block LGBT Websites
http://www.glaad.org/lgbtwebfilter
= new reply since forum marked as read
BlueCoat is in Gartner's upper-right quadrant (that's where a company wants to be). By the time Bain is done, they'll be in the lower-left quadrant, wondering how they ever got to the point of owing creditors a billion dollars.
