Symantec takes security company Blue Coat about for 4.65 billion dollars

Jun

13

2016

Security company Symantec has announced to take over the company Blue Coat in the amount of $ 4.65 billion, converted approximately 4.12 billion euros. The current CEO of Blue Coat, Greg Clark, is also CEO of the combined company.

Symantec It is the expectation of the companies which will take place the transaction in the third quarter of this year, as Symantec says. With the merger, Symantec will, now best known for its antivirus products, expand its services. Blue Coat is specialized in network security.

A group of investors took Bluecoat in 2011 for $ 1.3 billion. Before that there was fuss around the company arose because his network filter equipment would be used to websites block in Syria, while a US embargo in force against that country.

Symantec recently at Blue Coat provides an intermediate certificate, making the company itself is able to issue SSL certificates for domains. It was feared that Blue Coat thereby secure Internet traffic can intercept and inspect.

In a statement to The Register said both companies when the certificate was issued “for testing purposes” and that it would no longer be in use. Blue Coat would never have had access to the private key from Symantec.

Viewing:-84

In: Technology & Gadgets Asked By: [15764 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »