This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Thoma Bravo Completes Acquisition Of Blue Coat Systems

Thoma Bravo, LLC, a leading private equity investment firm, has completed the acquisition of Blue Coat Systems (NASDAQ: BCSI), a leading provider of Web security and WAN optimization solutions. Under the terms of the agreement, an investor group led by Thoma Bravo has acquired all of the outstanding shares of common stock of the company for $25.81 per share in cash, or approximately $1.3 billion. Blue Coat’s current president and chief executive officer, Gregory S. Clark, will continue to serve in the role for the company.

“The security and network acceleration markets have tremendous growth opportunities, and Blue Coat as a private company is now well poised to further strengthen its market leadership,” said Thoma Bravo managing partner Orlando Bravo. “We are enthusiastic about working with the Blue Coat team to take the company to the next level.”

“This marks our fifth platform investment in the security technology sector and our fourth in networking,” added Seth Boro, partner at Thoma Bravo. “We’re confident our approach and experience in identifying strategic opportunities, coupled with Blue Coat’s innovative solutions and proven leadership in Web security and WAN optimization, establishes a platform for the company’s continued success.”

Headquartered in Sunnyvale, Calif., Blue Coat provides products to more than 15,000 customers worldwide, including 88 percent of the Fortune® Global 500. Blue Coat is recognized by industry analysts for its market leadership in Web security and WAN optimization.

“Today represents an important milestone for Blue Coat as this transaction allows us to be more opportunistic and aggressively grow our leadership in Web security and WAN optimization solutions,” said Clark. “Our customers and partners will continue to receive the same experience they’ve grown accustomed to and can expect a renewed focus on enhancing our suite of solutions through strategic and organic growth opportunities.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,102.38 -272.38 -1.66%
S&P 500 1,921.22 -29.91 -1.53%
NASDAQ 4,683.9190 -49.5780 -1.05%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs