5 Reasons Why Symantec’s Acquisition Of Blue Coat Matters To The CIO’s Office

On 12 June, 2016 Symantec announced its agreement to acquire Blue Coat for USD 4.65 billion.

As a result of this acquisition, the company will now have 385,000 customers, a vast repository of data sources and over 3,000 researchers and engineers worldwide. Post this acquisition, Symantec will have USD 4.4 billion in combined revenue (on pro-forma, non-GAAP basis) in FY16. By the end of FY18, Symantec expects to realise USD 550 million in run-rate cost savings. In addition, the combined entity will have access to vast Security and Threat Intelligence data sources including Telemetry gathered from 175 million protected endpoints; more than 2 billion emails scanned per day; 1.2 billion web requests monitored per day across 55 languages; 12,000 Cloud applications monitored and controlled.

Is Symantec/Blue Coat Deal a Game-Changer?

Indian security leaders welcome the move, expected to be finalized later this year, saying it will definitely change the way technology is consumed by organizations, as they expect new innovations to help them tackle future threats more effectively.