Tuesday, December 18, 2012

Blue Coat Buys Crossbeam Systems

Sunnyvale-based Blue Coat Systems, the developer of web security tools, is acquiring Crossbeam Systems, a developer of network security tools. Blue Coat announced the buy Monday. Financial terms of the acquisition were not disclosed. Both Blue Coat and Crossbeam are owned by private equity firm Thoma Bravo. Crossbeam Systems was based in Acton, Mass.