Blue Coat Systems, a provider of enterprise security solutions, will be acquired by funds advised by Bain Capital from Thoma Bravo for nearly $2.4 billion.
Blue Coat, which experienced strong market share and revenue growth in its major product lines, has made several strategic acquisitions extending their solutions to the threat defense, security analytics and encrypted traffic management spaces.
“The world’s most trusted brands use Blue Coat, and the acquisition by Bain Capital sets us on the trajectory to further grow our portfolio, better serve our customers and help us prepare to return to the public markets,” said Gregory S. Clark, chief executive officer, Blue Coat Systems.
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