Blue Coat Systems, the provider of enterprise security solutions, has announced the completion of its previously reported acquisition by Bain Capital, one of the world’s foremost private investment firms.
Bain Capital has acquired Blue Coat from Thoma Bravo, LLC, in an all-cash transaction valued at approx. $2.4 billion.
“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,” said Gregory S. Clark, Chief Executive Officer, Blue Coat Systems, Inc. “We have benefited 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.”
Blue Coat provides an integrated portfolio of security solutions, alongside has the robust global cloud security infrastructure, which incorporates with its on premise solutions to offer hybrid defence, anytime, anywhere.
The company has also increased market share and expanded its global leadership position in cyber security to encompass web protection, advanced threat defence, encrypted traffic management, incident response and forensics, the website notes.
“Blue Coat is a leader in the enterprise security market with its innovative product portfolio and 80 percent of Fortune 500 as customers who entrust Blue Coat to help protect their networks,” said David Humphrey, a Managing Director at Bain Capital. “We are excited to help Blue Coat further grow the business and potentially return to the public markets.”