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Blue Coat to acquire network security company

Madura McCormack | Dec. 19, 2012
Blue Coat buys out Crossbeam and integrates it into overall operations

Web security company Blue Coat Systems has entered into an agreement to acquire network security company Crossbeam Systems, Blue Coat announced today.

The acquisition, slated to close on 31 December, is quoted by Blue Coat as 'laying the foundation for a broader strategy'.

"Blue Coat and Crossbeam are natural partners. The combination of Blue Coat's Web security solutions and Crossbeam's scalable X-Series platform is an exciting proposition for us," said Matthew Gyde, global general manager of security at Dimension Data. 

Crossbeam will become a portfolio company of Thoma Bravo, LLC, which bought Blue Coat for US$1.3 billion in December 2011.

Crossbeam Systems will merge with Blue Coat, integrating their branding.

"This acquisition potentially enables customers to further tap into even more synergistic security and networking solutions," said Christian Christiansen, IDC's program vice president of security products and services.


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