Collaborate Disseminate
ReliaQuest announced the appointments of Brian Foster as Vice President of Product, Paul Kraus as Vice President of Engineering and Dan Wire as Vice President of Brand and Communications. Foster and Kraus bring deep security product experience and are … Continue reading ReliaQuest expands its executive team with new appointments
Blue Coat Systems analyzed apps for their ability to provide compliance, data protection, security controls and more. Of the 15,000 apps analyzed, it was revealed that 99 percent do not provide sufficient security, compliance controls and features to effectively protect enterprise data in the cloud. Shadow data still a major threat Their report revealed that shadow data, unmanaged content employees store and share across cloud apps, continues to remain a major threat, with 23 percent … More → Continue reading Virtually all business cloud apps lack enterprise grade security
Symantec will acquire Blue Coat for approximately $4.65 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, CEO of Blue Coat, will be appointed CEO of Symantec and join the Symantec Board upon closing of the transaction. For Blue Coat’s fiscal year ending April 30, 2016, GAAP revenue was $598 million and non-GAAP revenue … More → Continue reading Symantec will acquire Blue Coat for $4.65 billion
Symantec announced over night it had purchased Blue Coat Systems for $4.65 billion, and also named Blue Coat CEO Greg Clark to the same role at Symantec.
It was a stunning turn of events for Blue Coat, which was sold just last year to Bain Capital for $2.4 billion. By all reports Bain intended to take Blue Coat public this year until they got an offer they couldn’t refuse from… Read More Continue reading Symantec grabs Blue Coat Systems for $4.65 billion