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:

Next Article in News

Sign up to our newsletters

More in News

Phishing campaign targeting users of Bitcoin wallet

More than 12,000 messages have been sent to more than 400 companies as part of a phishing campaign targeting users of Bitcoin wallet

AOL announces that it does not follow 'Do Not Track' requests

Eight months after the enactment of a new California privacy law, AOL clarified that it does not respond to web browsers' "Do Not Track" requests.

Experts discover history of malware infections on network of Community Health Systems

Following a major breach at the hospital provider, security experts analyzed its network and discovered malware infections dating back to January.