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Symantec To Buy Blue Coat For $4.7 Billion To Boost Enterprise Unit


Ron Burgundy
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The Symantec logo is pictured on a screen in SingaporeTechnology security firm Symantec Corp said it would buy privately held cyber security company Blue Coat for $4.65 billion in a cash deal that will ramp up Symantec's enterprise security business. Blue Coat helps protects companies' web gateways from cyber attacks, a service that will complement Symantec's existing offerings for large corporations such as email and endpoint security, Symantec executives said in an interview on Sunday. "Blue Coat brings capabilities from the web and for network-born threats, which combined with what we already offer will provide better protection for our customers," said Ajei Gopal, Symantec's interim president and chief operating officer.




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