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Blue Coat to Buy Elastica for $280 Million

Blue Coat to Buy Elastica for $280 Million
Greg Clark, Blue Coat CEO

Blue Coat Systems will buy Elastica for $280 million. With this acquisition Blue Coat will offer a global security platform that provides visibility, control and data-level security across cloud, on premise and hybrid cloud environments, making it the only security company to deliver on the requirements of a post-infrastructure world.

Blue Coat has aggressively engaged in defining the future of cloud security by investing over $500 million in organic and inorganic development in recent years. This work was embarked upon to empower customers as they redefine their network and security models for the cloud generation. By combining Blue Coat’s industry leading on- and off-premise threat defense and cloud data protection with Elastica’s Cloud Access Security and Analytics, Blue Coat stands alone in providing the industry’s first solution to deliver today’s cloud generation security requirements.

“This acquisition gives Blue Coat customers access to Elastica’s CloudSOC, which brings an unprecedented level of elegance and innovation to something that is rapidly becoming a complex challenge for organizations to solve. As we evaluated many CASB players, it was clear that Elastica’s technologies represent the future of the CASB space,” said Greg Clark, Blue Coat CEO.

“Segmented CASB players have survived through their dependency upon existing on-premise infrastructure. As the industry’s leading web security platform, it is natural for Blue Coat to be the first to deliver an extended spectrum of CASB capabilities while also delivering them with our cloud protection solutions.”

“We are thrilled to join forces to broaden the reach of the Elastica CloudSOC platform through Blue Coat’s customers. Blue Coat’s commitment to enabling cloud applications and services aligns with our mission of providing visibility and protection of critical data stored in those applications. Together we are delivering the industry’s strongest set of enterprise cloud security capabilities,” said Rehan Jalil, CEO and founder of Elastica.

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