Blue Coat Establishes S7 Software Solutions As Development Centre
S7 Software will be one of the four major product development centres Blue Coat has around the world.
Blue Coat Systems, a player in the Application Delivery Networking space, has announced that it is in the final stages of establishing S7 Software Solutions as its newest product development centre and held a dedication of the new centre yesterday in Bangalore.
Blue Coat obtained majority interest in S7 Software, formerly an IT research and development firm, on January 25, 2010. Blue Coat had been in the process of acquiring the research and development firm since it announced entry into a stock purchase agreement with stockholders of S7 Software on November 5, 2009. Having now obtained a controlling interest in the firm, Blue Coat has moved forward with its plans to turn the Bangalore entity into one of its four major product development centres around the world.
"With four fully-integrated development centres, we can accelerate our pace of innovation and expand our Application Delivery Network solution portfolio to better deliver business value to our customers and increase the return on investment to our stockholders," said Brian Ball, SVP & General Manager, Blue Coat Systems. "Our new Bangalore development centre builds on the expertise and established momentum of S7 Software to immediately advance our development work."
The new Bangalore centre will focus chiefly on management, reporting and client software products. Blue Coat plans to expand the centre by hiring additional top engineering talent over the next several months. Blue Coat intends to acquire the remaining shares of S7 Software upon the receipt of regulatory approval from the Indian government.
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