Blue Coat Systems, Inc. (NASDAQ:BCSI) has announced that it has acquired the majority interest in S7 Software Solutions Pvt. Ltd. The company’s entry into the stock purchase agreement was made on November 5, 2009. Now having a majority interest in the company, Blue Cat can now continue its plan to turn the Bangalore entity into one of four product development centers worldwide.
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S7 Software Solutions is a Bangalore based IT research and development firm. Blue Coat intends to acquire the remaining shares of the firm. It is currently waiting for regulatory approval by the Indian Government.
Blue Coat Systems, Inc. sells a family of proxy appliances and related software and services. The Company’s products provides its end user customers with information about the applications and Web traffic running on their networks, including the ability to discover, classify, manage and control communications between users and applications across internal networks, the wide area network (WAN) and the Internet. Its products enable its end user customers to secure their Internet gateways and remote computer systems by providing protection from malicious code, or malware and objectionable content. On June 6, 2008, the Company acquired Packeteer, a provider of WAN traffic prioritization technologies.
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