Blue Coat Systems to be Acquired by Bain Capital

Blue Coat Systems, Inc., an enterprise security solution provider, announced that it has entered into a definitive agreement to be acquired by funds advised by Bain Capital. The company is being acquired from Thoma Bravo, LLC in an all-cash transaction valued at approximately $2.4 billion.

The press release explained, over the last three years, Blue Coat has experienced a significant increase in its market share across the globe, where 80 percent of the Fortune 500 are its customers. In India, Blue Coat has realised a year on year growth rate of 45% and has a customer portfolio of more than 400 companies.

Said Gregory S. Clark, chief executive officer, Blue Coat Systems, Inc., “Bain Capital has a long history of accelerating growth, and I look forward to partnering with them in our journey to be one of the top performing security companies in the world.”

The transaction is subject to customary closing conditions, including requisite regulatory approvals, and the transaction is expected to close during the first half of 2015.