Packeteer, founded in 1996 by Robert Packer and Brett Galloway, was an I.T. company based in Cupertino, California that was listed on the NASDAQ. Networking appliances focus on Application Traffic Management and optimization for wide area networks. They held at least 40 patents for various network optimization methods. Packeteer was acquired by Blue Coat Systems in 2008.
Blue Coat Systems Inc., formerly CacheFlow, is a Sunnyvale, California-based provider of security and networking solutions. In December 2011, Blue Coat was acquired by private equity investment firm Thoma Bravo for $1.3 billion and began operating as a privately held company. In March 2015, Thoma Bravo sold Blue Coat to private equity firm Bain Capital for $2.4 billion.