Blue Coat Systems is acquiring fellow WAN optimization technology vendor Packeteer for $268 million. The deal follows Packeteer's rebuffing of an acquisition bid by Elliott Associates just weeks ago. The market for so-called WAN application acceleration solutions has been robust in recent years, as Network World notes that Infonetics Research reported 65% growth in revenue worldwide from the third quarter of 2006 to the third quarter of 2007.
For more:
- read this story [1] at Network World
Related article:
Packeteer last month advised shareholder to ignore the hostile Elliott Associates bid. Packeteer report [2]
Links:
[1] http://www.networkworld.com/news/2008/042108-blue-coat-buys-packeteer.html
[2] http://www.fiercetelecom.com/story/also-noted-packeteer-faces-elliott-bid-buzz-ceo-bashes-wimax-and-much-more./2008-03-24