Blue Coat Systems will acquire San Jose, Calif.-based Elastica, a cloud security startup founded in 2012, for $280 million.Elastica, which provides threat analysis and remediation of cloud applications, raised $36 million from Third Point Ventures, the Mayfield Fund, BYU Cougar Capital, and Pelion Venture. Elastica CEO Rehan Jalil's previous venture WiChorus, a wireless packet core specialist, was acquired by Tellabs in 2009.“Segmented CASB players have survived through their dependency upon existing onpremise infrastructure.” said Blue Coat CEO Greg Clark, in a statement.Last month, Microsoft acquired Adallom, an Elastica competitor for $320 million. Also last month, Cisco announced plans to acquire Lancope for $452 million in cash and equity.In March, Blue Coat Systems was acquired by Bain Capital, the private equity firm founded by Bill Bain and Mitt Romney.
Security Architecture, Cloud Security, Endpoint/Device Security, Endpoint/Device Security, Endpoint/Device Security, Endpoint/Device Security, Endpoint/Device Security
Blue Coat tacks on Elastica for $280M
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