Blue Coat Sold by Thoma Bravo to Bain for $2.4 Billion
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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.
On March 10, Blue Coat announced 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 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."