Thoma Bravo, LLC, an investor group which includes the Ontario Teachers' Pension Plan through its private investment department, Teachers' Private Capital will acquire all outstanding stock of Blue Coat for $US25.81 per share, with the transaction set to be finalised on February 15th.

"Today's shareholder vote confirms the value that this merger brings to our investors and paves the way for Blue Coat to grow its business as a private company," said Gregory S. Clark, president and chief executive officer, Blue Coat Systems.  "Once private under Thoma Bravo, we can more aggressively advance our leadership in Web security and next generation WAN optimization, while serving our markets with greater focus and determination." 

"We look forward to working with the Blue Coat team to build on the company's technology strengths and deep relationships with its partners and customers," said Orlando Bravo, managing partner at Thoma Bravo.  "Blue Coat will be an excellent addition to our portfolio of companies.  We are confident that, as a private company, Blue Coat will be better positioned to fully capitalize on the opportunities in both the Web security and WAN optimization markets."