• HSBC

Blue Coat to acquire NetCache business from Network Appliance

  • United Arab Emirates: Tuesday, July 11 - 2006 at 14:18
  • PRESS RELEASE

Coat Systems, Inc., a leader in secure content and application delivery, signed an asset purchase agreement to acquire the assets of the NetCache business from Network Appliance to further the company's vision of using proxy technology as the foundational element of the emerging application delivery infrastructure to enable secure and accelerated delivery of applications and content to users.

Blue Coat is using a portion of the proceeds from the recently announced private equity investment by Francisco Partners and Sequoia Capital for the acquisition, which includes both cash and stock consideration.

"The acquisition of the NetCache business is a critical component of delivering on our vision of secure and accelerated delivery of applications and content to users,"


said Ray Kafity, Blue Coat Middle East general manager. "The foundational element of the application delivery infrastructure is the proxy, and existing NetCache customers certainly understand the power of the proxy. We look forward to serving the NetCache customers and continuing to provide them with a high level of service and innovation."

The closing of the asset purchase is subject to customary conditions, and is expected to occur within 90 days. Blue Coat and Network Appliance have entered into a transition services agreement to continue product availability and support for NetCache customers.
Ray Kafity, Blue Coat Middle East general manager. 
Ray Kafity, Blue Coat Middle East general manager.
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Notes and Media Contacts »

FORWARD LOOKING STATEMENTS: The statements contained in this press release that are not purely historical are forward-looking statements, including statements regarding Blue Coat Systems' expectations, beliefs, intentions or strategies regarding the future, and including statements regarding the capabilities and expected performance of Blue Coat Systems' products. All forward-looking statements included in this press release are based upon information available to Blue Coat Systems as of the date hereof, and Blue Coat Systems assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. These and other risks relating to Blue Coat Systems' business are set forth in Blue Coat Systems' most recently filed Form 10-K for the year ended April 30, 2005, and other reports filed from time to time with the Securities and Exchange Commission.

Note: All trademarks, trade names or service marks used or mentioned herein belong to their respective owners.

About Blue Coat Systems:
Blue Coat helps organizations make the Web safe and productive for business. Blue Coat proxy appliances provide visibility and control of Web communications to protect against risks from spyware, Web viruses, inappropriate Web surfing, instant messaging (IM), video streaming and peer-to-peer (P2P) file sharing - while actually improving Web performance. Trusted by many of the world's largest organizations, Blue Coat has shipped more than 25,000 proxy appliances. Blue Coat is headquartered in Sunnyvale, California, and can be reached at (408) 220-2200).

For more information, please contact:
Blue Coat
Dubai Internet City, Cannon building 9, office 313
P.O. Box 72377
Dubai - UAE
Tel: (971-4) 391-1620
FAX: (971-4) 391-1635

For media requests, please contact:
Layth Dajani
The CONTENT Factory
P.O. Box 29764, Dubai - United Arab Emirates
Tel: +97143341880
Fax: +97184480574
Mobile: +971507145640

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