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Article: Blue Coat Announces Strategic Plan to Drive Long Term Revenue Growth and Increase Operating Profitability.
- Article from:
- Business Wire
- Article date:
- November 5, 2009
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Company Confirms Net Revenue at High End of Guidance for Q2 2010, Agrees to Acquire S7 Software and Implements Corporate-Wide Restructuring
SUNNYVALE, Calif. -- Blue Coat Systems, Inc. (Nasdaq: BCSI), the technology leader in Application Delivery Networking, today 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 ...