Blue Coat Extends Enterprise With Permeo
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Blue Coat is to acquire Permeo Technologies, Inc. in an effort to extend its proxy infrastructure offering. Enterprise endpointes with on-demand delivery of application and security services is their aim. Financial details amounted to $13.4m in cash and $47.4m in Blue Coat stock. The acquisition will lead to the integration of Permeo's on-demand endpoint access, security and information protection technology with Blue Coats ProxySG family of proxy appliances. Business rationale is the enterprise workforce is more mobile and outside of the corporate network. However the organization still needs to have the same level of protection and control. Permeo is a vendor on on-demand information security solutions. In particular they extend coporate applications to remote workers, mobile workers and business partners. The risk of a leakage of information at the endpoint is reduced. The retention of information and the reduction of risk can be an important element in any system of internal control. Consequently since the introduction of the section 404 of the Sarbanes-Oxley Act of 2002, the market has grown exponentially.
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