Blue Coat to Acquire Packeteer
Tim Greene writes on NetworkWorld:
Blue Coat Systems is buying rival WAN-acceleration vendor Packeteer for $268 million to boost Blue Coat's product features.More here.
The deal will bring better visibility into applications and improve the traffic-shaping capabilities in Blue Coat's ProxySG appliances. These are the areas of expertise around which Packeteer built its PacketShaper appliances, with the company only later branching out into WAN acceleration. By contrast, Blue Coat's initial technology focused on accelerating applications over WAN links.
The sale is expected to go through by mid-year. Blue Coat will buy all outstanding shares of Packeteer stock to carry out the purchase.
posted by Fergie @ 4/21/2008 01:23:00 PM
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