Symantec declared in excess of night time it experienced acquired Blue Coat Techniques for $four.65 billion with the hopes of producing an enterprise protection juggernaut. As part of the deal, Blue Coat CEO Greg Clark will just take in excess of the very same role at Symantec. The enterprise has been working due to the fact April without a person when Michael A. Brown stepped down. It was a breathtaking convert of activities for Blue Coat, which was marketed just previous 12 months to Bain Capital for $2.four billion. By all reports, Bain supposed to just take Blue Coat public this 12 months right until they received an present they couldn’t refuse from Symantec. Bain makes a tidy revenue off of the deal just a year after getting Blue Coat and intends to just take $750 million of the proceeds and plow it back into the blended business enterprise. With Blue Coat, the two businesses are combining to develop an enterprise protection large. The point is what you have is two businesses that are big with plenty of buyers and profits, but that are under tension from an increasingly aggressive protection sector, hoping that the blended entity can do improved than they could on your own. It is comparable to the technique Dell is having with its $67 billion deal with EMC, albeit a a lot much larger guess. Apparently, Silver Lake, which is a massive Dell Trader is also involved below, doubling its $five hundred million to $one billion bucks as part of the deal. More to arrive
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Symantec declared in excess of night time it experienced acquired Blue Coat Techniques for $four.65 billion with the hopes of producing an enterprise protection juggernaut. As part of the deal, Blue Coat CEO Greg Clark will just take in excess of the very same role at Symantec. The enterprise has been working due to the fact April without a person when Michael A. Brown stepped down. It was a breathtaking convert of activities for Blue Coat, which was marketed just previous 12 months to Bain Capital for $2.four billion. By all reports, Bain supposed to just take Blue Coat public this 12 months right until they received an present they couldn’t refuse from Symantec. Bain makes a tidy revenue off of the deal just a year after getting Blue Coat and intends to just take $750 million of the proceeds and plow it back into the blended business enterprise. With Blue Coat, the two businesses are combining to develop an enterprise protection large. The point is what you have is two businesses that are big with plenty of buyers and profits, but that are under tension from an increasingly aggressive protection sector, hoping that the blended entity can do improved than they could on your own. It is comparable to the technique Dell is having with its $67 billion deal with EMC, albeit a a lot much larger guess. Apparently, Silver Lake, which is a massive Dell Trader is also involved below, doubling its $five hundred million to $one billion bucks as part of the deal. More to arrive
Highlighted Image: LifetimeStock/Shutterstock
Symantec declared in excess of night time it experienced acquired Blue Coat Techniques for $four.65 billion with the hopes of producing an enterprise protection juggernaut.
As part of the deal, Blue Coat CEO Greg Clark will just take in excess of the very same role at Symantec. The enterprise has been working due to the fact April without a person when Michael A. Brown stepped down.
It was a breathtaking convert of activities for Blue Coat, which was marketed just previous 12 months to Bain Capital for $2.four billion. By all reports, Bain supposed to just take Blue Coat public this 12 months right until they received an present they couldn’t refuse from Symantec.
Bain makes a tidy revenue off of the deal just a year after getting Blue Coat and intends to just take $750 million of the proceeds and plow it back into the blended business enterprise.
With Blue Coat, the two businesses are combining to develop an enterprise protection large. The point is what you have is two businesses that are big with plenty of buyers and profits, but that are under tension from an increasingly aggressive protection sector, hoping that the blended entity can do improved than they could on your own.
It is comparable to the technique Dell is having with its $67 billion deal with EMC, albeit a a lot much larger guess. Apparently, Silver Lake, which is a massive Dell Trader is also involved below, doubling its $five hundred million to $one billion bucks as part of the deal.