David Murphy was named the president and COO of Blue Coat Systems. He will report directly to Greg Clark, Blue Coat’s CEO. Blue Coat, which provides Web security and WAN optimization services, is a Thoma Bravo portfolio company. PRESS RELEASE Blue Coat Systems, Inc., a leading provider of Web security and WAN optimization solutions, today [...]
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Thoma Bravo has closed its buy of Blue Coat Systems. A Thoma Bravo-led investor group paid $25.81 a share cash, or about $1.3 billion, for the provider of Web security and WAN optimization solutions. The deal was announced in December. Ontario Teachers’ Pension Plan, through its private investor department, was also an investor. Jefferies provided financing [...]
(Reuters) – Blue Coat Systems Inc. (Nasdaq: BCSI), which makes equipment that secures, monitors and speeds Internet traffic, has agreed to be taken private for $1.1 billion in a deal that throws a lifeline to a company beset by falling sales and a U.S. government probe into use of its products by Syria. An investor [...]