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Why is Symantec buying Blue Coat?

Discussion in 'CSO' started by RSS, Jun 14, 2016.

  1. RSS

    RSS New Member Member

    Symantec is poised to become “bigger and more powerful than the rest”, following its multi-billion dollar acquisition of security specialist firm Blue Coat Systems.

    As reported by ARN, Symantec has unveiled plans to acquire Blue Coat Systems for $US4.651 billion, in a move designed to bolster the tech giant’s cyber security portfolio, and fill its vacant CEO slot.

    Fresh from the departure of Mike Brown as president and CEO of Symantec in April, Australian-born Greg Clark from Blue Coat will take the helm as CEO of the combined organisation.

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