Key Developments For Blue Coat Systems Inc
Blue Coat Systems Inc (BCSI.O) (Nasdaq)
Campus Veolia Deploys Blue Coat Systems, Inc.'s Blue Coat ProxySG Appliances And ProxyClient Software.
Blue Coat Systems, Inc. announced that Campus Veolia, the training centre established by Veolia Environment, has reduced its bandwidth consumption by 40% with Blue Coat ProxySG appliances and ProxyClient software. As a result of the bandwidth savings, Campus Veolia can now provide videoconferencing services and broadcast video feeds to its 300 internal and 100 external users. To gain better control of the applications running on its network, Campus Veolia deployed Blue Coat ProxySG appliances together with Blue Coat WebFilter software to set, enforce and report on network users` compliance with corporate IT policies across the organization. Campus Veolia also deployed Blue Coat ProxyClient software to extend IT policy enforcement to all of its remote and mobile workers. Using the ProxySG appliance, Campus Veolia can analyze and filter Web traffic, including encrypted traffic, to protect its employees and optimize the delivery of critical business applications.
Blue Coat Systems, Inc. Announces Assystem Germany Deploys Blue Coat ProxySG And ProxyAV Appliances For WAN Optimization And Security
Blue Coat Systems, Inc. announced that Assystem Germany has deployed Blue Coat ProxySG and ProxyAV appliances for WAN optimization and Web security to accelerate its regular backup of more than 130 Gigabytes of data.
Blue Coat Systems, Inc. Announces Strategic Plan To Drive Long Term Revenue Growth And Increase Operating Profitability
Blue Coat Systems, Inc. announced that it is implementing a strategic plan to drive future revenue growth and increase its non-GAAP operating profitability. This plan includes entry into an agreement to acquire S7 Software Solutions Pvt. Ltd., an IT research and development firm based in Bangalore, India. Upon the close of the transaction, S7 Software will serve as the Company’s new development center in India. Blue Coat also announced a corporate-wide restructuring program that includes a net reduction in headcount of approximately 10%. The combination of the S7 Software acquisition and restructuring program is intended to enable the Company to more cost effectively develop new products and pursue new routes to market. The restructuring plan will shift a number of engineering positions from Sunnyvale, Calif. and Austin, Texas to it other locations, such as the site it plans to acquire in Bangalore, India, through the S7 Software acquisition. It also involves the closure of three small facilities in Riga, Latvia; South Plainfield, New Jersey; and Zoetermeer, The Netherlands. Blue Coat is also reorganizing other functional areas, including sales and marketing, general and administrative, and support, to gain greater efficiencies.
Blue Coat Systems, Inc. Appoints Gordon Brooks As Chief Financial Officer
Blue Coat Systems, Inc. announced the appointment of Gordon C. Brooks to the position of Senior Vice President and Chief Financial Officer (CFO). Mr. Brooks will join the Company on September 1, 2009.
Blue Coat Systems, Inc. Issues Q2 2010 Outlook In-Line with Analysts' Estimates
Blue Coat Systems, Inc. announced that for the second quarter of 2010, it expects net revenue in the range of $116 million to $121 million. On a GAAP basis, the Company expects net income of $0.08 to $0.14 per diluted share. On a non-GAAP basis, the Company currently expects net income of $0.23 to $0.28 per diluted share. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $120 million and non-GAAP earnings per share (EPS) of $0.24 for the second quarter of 2010.
