Blue Coat Acquired (Again) for $2.4 Billion

Network security and optimization vendor Blue Coat is being acquired for the second time in just over three years. Blue Coat announced today that it was being acquired by Bain Capital for $2.4 billion in a deal set to close in the first half of 2015.

Blue Coat is currently owned by Thoma Bravo, which acquired the vendor in a deal valued at $1.3 billion in December of 2011. As part of the Thoma Bravo acquisition, Blue Coat was taken private and stopped trading on the NASDAQ under the symbol BCSI.

As part of the strategic direction with the new Bain Capital acquisition, Blue Coat is likely set to return to the public markets and exit its current existence as a privately-held company.

“Blue Coat has differentiated products for protecting enterprises from even the most sophisticated threats, and we are proud to be a foundational part of the security architecture for the world’s largest enterprises,” Gregory S. Clark, CEO, Blue Coat Systems, Inc., said in a statement. “The world’s most trusted brands use Blue Coat, and the acquisition by Bain Capital sets us on the trajectory to further grow our portfolio, better serve our customers and help us prepare to return to the public markets.”

Blue Coat’s products include security products such as the ProxySG appliance family that provides secure web gateway capabilities. The ProxySG leverages Blue Coat’s WebPulse cloud intelligence service that helps to provide threat telemetry.

On the network optimization front, Blue Coat has the PacketShaper platform, which it gained via the $268 million acquisition of Packeteer in 2008.

“We are extremely proud of our partnership with Blue Coat, which has achieved substantial growth since going private in 2012, while positioning itself as a leading next generation security company,” Seth Boro, a managing partner at Thoma Bravo, said in a statement. “We look forward to watching Blue Coat continue to grow with its new investment partner.”

Sean Michael Kerner is a senior editor at Enterprise Networking Planet and Follow him on Twitter @TechJournalist.

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