Blue Coat restructures

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
close

Next Article in News

Sign up to our newsletters

More in News

House Intelligence Committee OKs amended version of controversial CISPA

House Intelligence Committee OKs amended version of controversial ...

Despite the 18-to-2 vote in favor of the bill proposal, privacy advocates likely will not be satisfied, considering two key amendments reportedly were shot down.

Judge rules hospital can ask ISP for help in ID'ing alleged hackers

Judge rules hospital can ask ISP for help ...

The case stems from two incidents where at least one individual is accused of accessing the hospital's network to spread "defamatory" messages to employees.

Three LulzSec members plead guilty in London

Ryan Ackroyd, 26; Jake Davis, 20; and Mustafa al-Bassam, 18, who was not named until now because of his age, all admitted their involvement in the hacktivist gang's attack spree.