Blue Coat Systems, a provider of secure content and application delivery, announced that it has completed the acquisition of Permeo Technologies, a privately held provider of on-demand endpoint access, security and information protection solutions. On January 3, 2006, Blue Coat announced the execution of a definitive agreement to acquire the Austin, Texas-based company. The final consideration for the transaction included approximately $14.2 million in cash and approximately 1.4 million shares of Blue Coat common stock.
The acquisition will result in the integration of Permeo's on-demand endpoint access, security and information protection technology with the Blue Coat ProxySG family of proxy appliances. Blue Coat intends to leverage the Permeo technology to extend its proxy infrastructure for advanced levels of protection and control to any endpoint connecting to enterprise applications.
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