Now, now buy Blue Coat Systems equivalent to nearly 40 billion. As a bonus, the company also has a new CEO in place of Michael Brown, who had to quit earlier this spring after Symantec demonstrated for poor results. It writes the Wall Street Journal. When the deal goes through, instead, Blue Coat Systems CEO Greg Clark.
Symantec has made itself known for its anti-virus products. Blue Coat works contrast with security in the cloud. The company has previously said that they had plans for an initial public offering and representatives of Symantec said that the 40 billion they now pay is in line with what the company would have been introduced on the stock exchange.
In connection with the transaction, then Bain Capital is a major shareholder in Blue Coat to reinvest a portion of their earnings in the new company.
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