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