SOURCE: Blue Coat Systems, Inc.

Blue Coat Systems, Inc.

August 16, 2011 16:04 ET

Blue Coat Systems Names Greg Clark as President and CEO

SUNNYVALE, CA--(Marketwire - Aug 16, 2011) - Blue Coat Systems, Inc. (NASDAQ: BCSI), a leading provider of Web security and WAN optimization solutions, announced that Gregory S. Clark has been named president and chief executive officer and a member of the board of directors, effective upon the commencement of his employment with Blue Coat, by September 15, 2011. Mr. Clark will succeed Michael J. Borman, who has departed as president and CEO and as a director.

Mr. Clark most recently was president and CEO of Mincom, an enterprise software company that was acquired in July by the ABB Group, a leader in automation and power technologies. Under his leadership, Mincom successfully enhanced its enterprise software offerings with cloud-based solutions, and improved its financial results and shareholder value.

Prior to joining Mincom Mr. Clark was CEO of E2open, a leader in cloud-based supply chain applications. Earlier in this career he founded the security software firm, Dascom, Inc., which was acquired by IBM in 1999. Following that acquisition the Dascom software became the basis of its Tivoli security product line, and Mr. Clark served as the IBM Distinguished Engineer responsible for security technology and a vice president at Tivoli Systems. He has also held senior technical and management positions at AT&T UNIX System Laboratories and Stallion Technologies.

"Greg is a proven leader with a track record of driving growth and shareholder value," said David W. Hanna, Chairman of the Board of Blue Coat. "Greg has the right combination of technical depth, market insight and managerial skills to enable Blue Coat to capitalize on its strong franchise in Web security and WAN optimization."

"I am looking forward to joining Blue Coat and leading the team to expand Blue Coat's market leadership," said Greg Clark. "It is a great company with a long heritage of innovation, a terrific portfolio of assets and an impressive customer base."

The Blue Coat board has named board member Carol G. Mills as interim CEO until Mr. Clark's arrival. Ms. Mills has held executive positions at technology companies including CEO of Acta Technology, EVP at Juniper Networks, and VP/GM at HP.

Blue Coat separately announced today its financial results for its first fiscal quarter ended July 31, 2011.

Conference Call & Webcast
Blue Coat will hold its quarterly conference call to discuss the management change, its financial results for the first quarter of fiscal 2012, and the outlook for the second quarter of fiscal 2012 on Tuesday, August 16, 2011 at 2:00 p.m. PDT (5:00 p.m. EDT). Participants in the United States should call (800) 230-1074. International participants should call (612) 234-9959. The passcode for the call is 213225. The conference call can also be accessed through an audio webcast from the Company's website, www.bluecoat.com/company/investorrelations. A replay of the call will be available starting on Tuesday, August 16, 2011 at 5:00 p.m. PDT (8:00 p.m. EDT), and can be accessed by calling (800) 475-6701 for U.S. participants and (320) 365-3844 for international participants. The passcode for the replay is 213225.

About Blue Coat Systems
Blue Coat Systems is a leading provider of Web security and WAN optimization solutions. Blue Coat offers solutions that provide the visibility, acceleration and security required to optimize and secure the flow of information to any user, on any network, anywhere. This application intelligence enables enterprises to tightly align network investments with business requirements, speed decision making and secure business applications for long-term competitive advantage. Blue Coat also offers service provider solutions for managed security and WAN optimization, as well as carrier-grade caching solutions to save on bandwidth and enhance the end-user Web experience. For additional information, please visit bluecoat.com.

FORWARD-LOOKING STATEMENTS: This document contains certain forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements including: any statements regarding our business outlook and future financial and operating results; any statements of expectation or belief; any statements regarding plans, strategies and objectives of management for future operations; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the risks that are described from time to time in the Securities and Exchange Commission reports filed by the Company, including but not limited to the risks described in the Company's most recent report on Form 10-K, particularly under the heading "Risk Factors." No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of the Company. The Company assumes no obligation and does not intend to update any of these forward-looking statements, except as required by applicable law, after the date on which it was made.

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