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 at Network World