Bain to Buy Blue Coat for $2.4 Billion From Thoma Bravo

Bain's $2.4B Deal Shows the Value of Cybersecurity

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Bain Capital agreed to buy Blue Coat Systems Inc., a provider of Internet security software, for $2.4 billion from private equity firm Thoma Bravo.

Bain is paying all cash, according to a statementBloomberg Terminal Tuesday from Sunnyvale, California-based Blue Coat. The company expects the transaction to be completed in the first half of 2015.