Blue Coat tacks on Elastica for $280M
Blue Coat will pay $280 million for San Jose, Calif.-based cloud security company Elastica.
Blue Coat Systems will acquire San Jose, Calif.-based Elastica, a cloud security startup founded in 2012, for $280 million.
Elastica, which provides threat analysis and remediation of cloud applications, raised $36 million from Third Point Ventures, the Mayfield Fund, BYU Cougar Capital, and Pelion Venture. Elastica CEO Rehan Jalil's previous venture WiChorus, a wireless packet core specialist, was acquired by Tellabs in 2009.
“Segmented CASB players have survived through their dependency upon existing onpremise infrastructure.” said Blue Coat CEO Greg Clark, in a statement.