Wednesday, February 15, 2012

Blue Coat Systems Acquisition Completes

Sunnyvale-based BlueCoat Systems, the developer of web security and WAN optimization hardware, is now officially owned by private equity firm Thoma Bravo. According to Thoma Bravo, it paid approximately $1.3 billion for Blue Coat. Blue Coat's CEO, Gregory S. Clark, continues to lead the company. Blue Coat announced the deal in December.