Blue Coat to acquire Packeteer

WAN traffic optimiser bought

Blue Coat Systems is to buy WAN optimisation vendor Packeteer for about US$268 million (NZ$339 million).

Blue Coat will integrate Packeteer features, including the company's traffic prioritisation technology, into its own Blue Coat ProxySG line of appliances. The deal will also help Blue Coat reach more customers through Packeteer's global sales and distribution channel.

Packeteer, founded in 1996, was an early developer of appliances that could identify different types of packets in the traffic going over a WAN and let administrators shape traffic to make critical applications perform better. Worldwide, it has more than 10,000 customers.

Blue Coat makes a variety of appliances for securing and speeding up applications over WANs, and has claims more than 8,000 customers.

Blue Coat will buy Packeteer with a combination of cash and a US$80 million private placement of convertible notes.

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