Blue Coat will be bought by Symantec for $4.7 billion
Symantec Corporation, a technology company has recently disclosed its intention to purchase Blue Coat, a privately held cyber security company for about $4.65 billion in a cash deal in order to boost Symantec’s enterprise security business.
Blue Coat really helps to protect companies’ web gateways from dangerous cyber attacks. The new service is expected to complement Symantec’s currently existing offers for large businesses such as endpoint and email security.
Blue Coat brings worthy capabilities from the Internet. The company is definitely good at handling network-born threats. Its products provide an amazingly high level of protection for the company’s customers.
Symantec, making the Norton antivirus software, has been facing a sort of transformation for the last year. In January, it sold Veritas, its data storage unit, for approximately $7.4 billion to Carlyle Group in order to gain the cash required to turn around its security software business.