Enterprise security solutions provider Blue Coat Systems has announced the completion of its previously reported acquisition by funds advised by Bain Capital, a leading private investment firms.
Acquiring the company from Thoma Bravo, LLC, Bain Capital completed the all-cash transaction which has been valued at approximately US$2.4 billion.
“Blue Coat is a leader in the enterprise security market with its innovative product portfolio and 80 percent of the Fortune 500 as customers who entrust Blue Coat to help protect their networks,” says David Humphrey, Managing Director, Bain Capital.
“We are excited to help Blue Coat further grow the business and potentially return to the public markets.”
Humphrey says Blue Coat offers an integrated portfolio of security products to combat today’s advanced threats with solutions that have become the de facto standard for much of the Fortune Global 500.
Backing the strength of its solutions, Blue Coat also has the largest global cloud security infrastructure, which integrates with its on premise solutions to offer hybrid defence, anytime, anywhere.
Furthermore, the company has also increased market share and expanded its global leadership position in cybersecurity to encompass web protection, advanced threat defence, encrypted traffic management, incident response and forensics.
“Blue Coat has strengthened and expanded our product portfolio, leading to more value for our customers while positioning the company for the next stage of growth in partnership with Bain Capital,” says Gregory S. Clark, CEO, Blue Coat Systems.
“We have benefitted from Thoma Bravo’s insight and support and look forward to continued progress and innovation with the help of Bain Capital as we build the business to become one of the top performing security companies in the world.”