Blue Coat Systems (BCSI) Acquires Big Data Security Company Solera
Blue Coat Systems Inc (NASDAQ:BCSI) has acquired a big data security company called Solera Networks. This deal is expected to close in the next 30 days and the financial details were undisclosed. Solera Networks started in 2005 and raised around $51 million in VC funding. Blue Coat was acquired themselves in December 2011 by a San Francisco-based private firm called Thoma Bravo.
This is Blue Coat’s fourth acquisition with the last one taking place earlier this month. Blue Coat acquired SSL technology from Netronome on May 9th. The acquisition of the SSL appliance product line from Netronome will complement the Solera acquisition. Solera and Netronome worked together in the past where Solera integrated their monitoring technology into Netronome’s products in order to target encrypted traffic.
“The future of the industry is moving beyond just blocking malware and stopping targeted attacks to also identifying and resolving the full scope of the attacks in real time,” stated Blue Coat CEO Greg Clark. “Retrospective capture and analytics are now an essential component of modern security architecture, and Solera has pioneered this field, creating a DVR for the network that records traffic and allows customers to easily mine that information.”
Solera and Blue Coat will now have a user base of about 75 million users across 15,000 enterprise customers. Together they will cover around 86% of the Fortune Global 500.