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Cyber security firm Symantec has named Michael Fey as the president and chief operating officer of the company. The appointment comes in the heels of Symantec’s announcement last month that it intended to acquire Blue Coat for $4.65 billion. Fey currently serves as president and COO of Blue Coat. After the deal closes, Fey will report to Greg Clark, who is now Blue Coat’s CEO and is slated to take the helm of Symantec, CRNreported. Fey’s appointment will become official upon the closing of the acquisition, which is expected to take...

The much-hyped Microsoft-LinkedIn acquisition on Monday evening overshadowed another very important acquisition in tech history which also took place around the same time. Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash from Bain Capital, in the struggling antivirus company’s largest deal for more than a decade. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. “This...

Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board upon closing of the transaction. Read Also:Symantec Partners With Hosting Providers For Encryption Everywhere Blue Coat is the...