On Thursday, the company said it would acquire S7 Software, a services company based in Bangalore. Blue Coat is paying US$5.25 million in cash for the 65-person company.
S7 specializes in migrating applications from one platform to another. Blue Coat sells network security and performance monitoring appliances, but it is buying S7 because of the company's software development expertise.
Blue Coat also announced it is restructuring its business, and Blue Coat will shift an undisclosed number of engineering jobs from its Sunnyvale, California, and Austin, Texas, offices to S7's offices in Bangalore and other locations. With new hires and S7 additions, the company's total headcount reduction as part of the restructuring will be around 10 percent.
Thursday, November 5, 2009
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