Bain Capital, a private investment firms is acquiring content delivery and enterprise security solutions provider, Blue Coat Systems from Thoma Bravo, another private equity firm for approximately $2.4 billion. Thoma Bravo has taken Blue Coat private in February 2012 for $1.3 billion.
Under Thoma Bravo, Blue Coat has also made several strategic acquisitions extending their solutions to the advanced threat defense, security analytics and encrypted traffic management spaces. Blue Coat notes that it has also built the largest global cloud security infrastructure, which integrates with its on premise portfolio, to enable the company to offer hybrid defense solutions. The company claims that it now counts 80% of the Fortune 500 as customers and blocks over three million threats a day.
The world's most trusted brands use Blue Coat, and the acquisition by Bain Capital sets us on the trajectory to further grow our portfolio, better serve our customers and help us prepare to return to the public markets. 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.
We are excited by the opportunity to work with Blue Coat's world-class management team to grow the business organically and through acquisitions, and to ultimately return the company to the public markets. We are very impressed with the profitable growth the company has demonstrated and believe strongly in the future growth of the cyber security market and Blue Coat's position in this important sector.
