[ISN] Bain to buy Blue Coat for about $2.4 billion

http://www.reuters.com/article/2015/03/10/us-bluecoat-m-a-bain-idUSKBN0M615V20150310 BY GREG ROUMELIOTIS Reuters.com March 10, 2015 Bain Capital LLC will acquire Blue Coat Systems Inc from fellow private equity firm Thoma Bravo LLC in a deal that the network security company said on Tuesday would value it at about $2.4 billion, including debt. The deal comes amid strong demand for cybersecurity technology following a spate of high-profile breaches that have crippled businesses and rattled conglomerates such as Sony Corp and Target Corp. “This is a land-grab market opportunity, and private equity as well as larger tech players, have a strong appetite for vendors that play in this $15 to $20 billion market opportunity,” said FBR Capital Markets analyst Daniel Ives. […]