Monday, December 17, 2012

Blue Coat to Acquire Crossbeam

Blue Coat agreed to acquire Crossbeam Systems for an undisclosed sum.  Blue Coat specializes in web security and optimization while Crossbeam supplies scalable network security systems. 

Crossbeam is best known for its X-Series network security platform or network operators.  The company is based in Boxborough, Mass. and has more than 200 employees worldwide.

“Our service provider and enterprise customers are excited we are bringing together two complementary technologies,” said Greg Clark, chief executive officer at Blue Coat Systems.  “With Crossbeam, Blue Coat gains a best-in-class support infrastructure and a high performing platform that scales to meet the needs of even the most complex enterprise IT environments.”

  • In November, Crossbeam Systems was acquired by Thoma Bravo, a private equity firm, for an undisclosed sum. Thoma Bravo currently manages a series of private equity funds representing almost $4 billion of equity commitments.  In software, Thoma Bravo has completed 54 add-on acquisitions across 25 platform companies with total annual earnings of approximately $1 billion.

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