THE DEAL: Blue Coat Systems Inc. has agreed to be acquired by private equity firm Thoma Bravo.
ABOUT THE COMPANY: Blue Coat is a provider of Internet networking and security products, and it has been working to turn its business around in a challenging time for the networking equipment industry.
MONEY MATTERS: It’s a $1.3 billion deal. Shareholders will receive $25.81 for each share of the company’s stock they own. That’s a 48 percent premium over Blue Coat’s closing stock price Thursday.