Internet security company Blue Coat has acquired end-point security provider Premeo for $61m (£36m) to broaden its product portfolio.
One of the reasons Blue Coat has moved for Premeo is the increasing mobility of the workforce at enterprises, something that Premeo’s security solutions address.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Premeo’s products make sure that remote and mobile devices attempting to gain access to corporate networks have the right permission and security settings to do so.
Blue Coat is paying around $13.5m (£8m) in cash and the rest in Blue Coat stock to acquire Premeo.
Blue Coat’s expansion into the end-point security field follows Symantec’s decision to buy end-point security firm Sygate last summer.