Tuesday, February 14, 2012

Blue Coat's Privatization is Complete

An investor group led by private equity investment firm Thoma Bravo has completed its previously announced acquisition of Blue Coat Systems. Blue Coat shareholders will be entitled to receive $25.81 in cash per share of common stock they currently possess. The company's listing on NASDAQ has been withdrawn.

"Blue Coat will be an excellent addition to our portfolio of software and technology companies," said Thoma Bravo managing partner Orlando Bravo. "We believe we can help it achieve its strategic vision and aggressively advance its leadership in the Web security and WAN optimization markets."http://www.bluecoat.com

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