Blue Coat Systems, Inc. (Nasdaq:BCSI), the technology leader in Application
Delivery Networking, today announced that it has helped establish
Quaresso Software Technologies, Inc. by licensing intellectual property
that is instrumental in the creation of on-demand "armored browser”
products. Blue Coat retains full ownership of the intellectual property
that is covered by three separate patents, and Quaresso will own any
derivative works that it creates. Blue Coat previously provided a small
amount of seed money to help establish the new company.
"We saw the opportunity to take some of our existing technology that was
outside of our immediate focus and have it applied to address a new
market area,” said Brian NeSmith, president and chief executive officer,
Blue Coat Systems. "Quaresso Software Technologies represents an
interesting application of our intellectual property to solve different
industry challenges.”
Quaresso has developed two products that address the potential security
risks browsers present to websites and their users. Protect on Q enables
enterprises and organizations to temporarily extend security to a
customer’s browser, protecting against losing control of session
security and data loss even if the client computer has been already
compromised. A second product, MyProtect, is a free, Quaresso-hosted
service for consumers that protects the privacy and confidentiality of
their Web sessions.
"It is a tremendous advantage to come to market with a product that
utilizes proven, patented technology,” said Mark Elliott, founder and
chief executive officer, Quaresso. "Our relationship with Blue Coat
provides us with a big technological head start and enables Quaresso to
focus on continued innovation to extend Web security beyond SSL into
browsers, in order to defeat endpoint malware and protect sensitive
data.”
About Blue Coat Systems
Blue Coat Systems is the technology leader in Application Delivery
Networking. Blue Coat offers an Application Delivery Network
Infrastructure that provides 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. For additional information, please visit
www.bluecoat.com.
About Quaresso
Quaresso provides businesses website defense against endpoint threats.
While SSL protects data on the network, Quaresso enables websites to
instantly and temporarily extend protection to the endpoint browser.
Utilizing patented technology, Quaresso's Protect On Q, and its unique,
temporary armored browser, enables online enterprises including
financial services, healthcare, media, and government to defend their
business and their customers from malware and information compromise.
Quaresso is a privately-held corporation based in Austin, Texas. For
more information, visit www.quaresso.com.
FORWARD LOOKING STATEMENTS: The statements contained in this press
release that are not purely historical are forward-looking statements,
including statements regarding Blue Coat Systems’ expectations, beliefs,
intentions or strategies regarding the future, and including statements
regarding the capabilities and expected performance of Blue Coat
Systems’ products. All forward-looking statements included in this press
release are based upon information available to Blue Coat Systems as of
the date hereof, and Blue Coat Systems assumes no obligation to update
any such forward-looking statements. Forward-looking statements involve
risks and uncertainties, which could cause actual results to differ
materially from those projected. These and other risks relating to Blue
Coat Systems’ business are set forth in the Securities and Exchange
Commission reports filed by Blue Coat Systems, including but not limited
to the risks described in the most recent reports on Form 10-K and Form
10-Q, particularly under the heading "Risk Factors.”
Blue Coat and the Blue Coat logo are registered trademarks or trademarks
of Blue Coat Systems, Inc. and/or its affiliates in the United States
and certain other countries. All other trademarks mentioned in this
document are the property of their respective owners.
