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S7 Software is an India-based information technology (IT) research and development company. Following the acquisition, S7 Software will serve as Blue Coat's development center in India.
The transaction is expected to close in the third quarter of Blue Coat's fiscal year 2010.
Deal Value (US$ Million) 5.25 Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2009-11-05
Deal Participants
Target (Company) S7 Software Solutions Pvt., Ltd. Acquirer (Company) Blue Coat Systems, Inc.
Deal Rationale
The acquisition will enable Blue Coat to develop new products cost effectively and pursue new routes to market.
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