Three years after selling for $1.3 billion, Silicon Valley security firm Blue Coat Systems fetches $2.4 billion from Bain Capital. Bain Capital announced in March, it would buy Blue Coat in an all-cash deal, taking the company off the hands of San Francisco private equity firm Thoma Bravo.
Blue Coat has differentiated products for protecting enterprises from even the most sophisticated threats, and the product is part of the security architecture for the world’s largest enterprises. Many trusted brands use Blue Coat, and the acquisition by Bain Capital is made to put the brand in a trajectory to further grow their portfolio, better serve our customers and help BlueCoat Inc prepare to return to the public markets.
What does Blue Coat do?
In October 2011 it was reported that the U.S. government was looking into claims made by Telecomix that the Syrian government is using the company’s products in order to restrict Internet access. The hacktivist group released 54 GB of log data alleged that have been taken from seven Blue Coat web gateway appliances that depict search terms, including “Israel” and “proxy”, that were blocked in the country using the appliances.
Because of that, Blue Coat has been made famous as an Internet Censorship equipment. This equipment also allows for the supervision of journalists, netizens (citizens of the internet) and their sources. Its censorship devices use Deep Packet Inspection, a technology employed by many western Internet Service Providers to manage network traffic and suppress unwanted connections. Blue Coat offers Deep Packet Inspection technology, which can be used to survey and censor the Internet.
On March 12, 2013, Reporters Without Borders named Blue Coat Systems as one of five “Corporate Enemies of the Internet” for selling products that have been or are being used by governments to violate human rights and freedom of information. The company does not condone any government’s use of its products to abuse Internet privacy or freedom of expression.
Other Blue Coat products
Business Assurance Technology
ProxySG (Secure Web Gateway)
Secure Web Gateway Virtual Appliance
Web Security Service
Content Analysis System
Malware Analysis Appliance
Blue Coat main products work with firewalls instead of in lieu of firewalls.