Blue Coat Completes Acquisition Of Permeo Technologies
Blue Coat Systems (NASDAQ: BCSI), the leader in secure content and application delivery, today announced that it has completed the acquisition of Permeo Technologies, a privately held provider of on-demand endpoint access, security and information protection solutions. On January 3, 2006, Blue Coat announced the execution of a definitive agreement to acquire the Austin, Texas-based company. The final consideration for the transaction included approximately $14.2 million in cash and approximately 1.4 million shares of Blue Coat common stock.
The acquisition will result in the integration of Permeo´s on-demand endpoint access, security and information protection technology with the Blue Coat ProxySG family of proxy appliances. Blue Coat intends to leverage the Permeo technology to extend its proxy infrastructure for advanced levels of protection and control to any endpoint connecting to enterprise applications.
“Enterprises need the same consistent level of protection, control and quality delivery of applications and content throughout their entire organization, including to employees working remotely,” said Brian NeSmith, president and chief executive officer of Blue Coat Systems. “We can build on the technology from Permeo to extend our proxy infrastructure for application and security services all the way to the endpoint of the virtual enterprise.”