Blue Coat Systems Inc., the Internet security-software company backed by Bain Capital, picked Morgan Stanley and JPMorgan Chase & Co. to lead its initial public offering, a person with knowledge of the matter said.
Credit Suisse Group AG and Goldman Sachs Group Inc. also have been tapped to help lead the IPO, said the person, who asked not to be identified because the information is private. Blue Coat may be aiming for a public listing as early as the second quarter, people familiar with the matter said in December.
Bain acquired Blue Coat from Thoma Bravo last May for $2.4 billion. The Sunnyvale, California-based software maker was taken private by Thoma Bravo in 2012 in a $1.3 billion transaction. Blue Coat provides online security tools including real-time threat analytics for smartphones and Web gateway technology, which are devices that funnel companies’ Internet traffic to scan for hacking threats.
Representatives for Blue Coat, Bain and the banks declined to comment.