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Permeo Sewn Into Blue Coat For $60 Million
John Stith
Staff Writer
2006-01-04
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Some other kids in Sunnyvale called Blue Coat Systems announced on Tuesday their intention to acquire Permeo Technologies. The deal, worth $60. 8 million, breaks down into $13.4 million in cash and $47.4 million in Blue Coat common stock.
"The enterprise workforce is increasingly more mobile and outside of the traditional corporate network but still requires the same level of protection and control," said Brian NeSmith, president and chief executive officer of Blue Coat Systems.
"The technology from Permeo helps us extend our proxy infrastructure for application and security services all the way to the endpoint of the virtual enterprise."
The plan is to integrate Permeo's endpoint access, security and information protection technology with Blue Coat's ProxySG proxy appliances. Blue Coat believes this will allow them to extend its proxy infrastructure to provide advanced levels of protection and control to any endpoint connecting to enterprise applications.
"Permeo has provided secure access and information protection solutions for both managed and unmanaged endpoints to many of the world's largest enterprises," said Michael S. Bennett, chief executive officer, Permeo Technologies.
"Combining our on-demand delivery technology for application and security services with Blue Coat's market-leading proxy infrastructure solutions will give customers a whole new level of end-to-end secure content and application delivery.
About the Author:
John is a staff writer for SecurityProNews covering cyber security.
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