|
|
|
13 Jun 2008
Security vendor Blue Coat is to trim its workforce by 130 employees after completing its acquisition of WAN optimisation vendor Packeteer.
The web security and WAN optimisation vendor announced last night it would complete its ‘plan of termination’ by the end of July.
The plan includes workforce reductions, the acceleration of certain employee benefits, and outplacement assistance, and will result in the loss of 130 employees of Blue Coat, Packeteer and certain affiliates worldwide. This represents rougly 10 per cent of the two firms' combined workforce.
Further reading
Blue Coat announced it had completed its acquisition of Packeteer earlier this week. The purchase will hand it an additional 10,000 customers, 50 additional sales teams and over 1,400 channel partners.
“Acquiring Packeteer provides us important short and long term benefits that advance our market leadership,” said Brian NeSmith, chief executive of Blue Coat.
“We should achieve near term enhancement of our sales and marketing efforts, through Packeteer's experienced sales force and reseller channel, and through selling the popular PacketShaper product, which complements our existing product line.”
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say