Blue Coat restructures

Share this article:
Blue Coat Systems, provider of secure web gateway solutions, has announced it will slash its workforce by 10 percent as part of a drive to increase revenue and profitability. The announcement last week also included news that Blue Coat would buy S7 Software Solutions, an India-based IT research-and-development firm, for $5.25 million. Blue Coat has approximately 1,500 employees. As part of the restructuring, a number of engineering positions will move from its headquarters in Sunnyvale, Calif. to other locations, including the newly acquired site in Bangalore, India. In addition, the company will close three satellite offices, including one in New Jersey. -- DK
Share this article:
You must be a registered member of SC Magazine to post a comment.
close

Next Article in News

Sign up to our newsletters

TOP COMMENTS

More in News

Information sharing requires breaking down barriers, White House cyber guru says

Information sharing requires breaking down barriers, White House ...

The White House has advanced an agenda to promote and facilitate information sharing on security threats and vulnerabilities.

Worm variant of Android ransomware, Koler, spreads via SMS

Worm variant of Android ransomware, Koler, spreads via ...

Upon infection, the Koler variant will send an SMS message to all contacts in the device's address book.

Patch for Windows flaw can be bypassed, prompts temporary fix from Microsoft

Patch for Windows flaw can be bypassed, prompts ...

The Windows zero-day received a patch last week, but the fix can still be bypassed by crafty attackers.