Blue Coat Systems (BCSI)

PART I.

FACE="Times New Roman" SIZE="2">Item 1. Business

Blue Coat Systems, Inc., also referred to in this
report as “we” or “us,” designs, develops and sells products and services that optimize and secure the delivery of business applications and other information to distributed users over a Wide Area Network (“WAN”), or
the public Internet (also known as the Web). Our products provide our end user customers with information about the applications and Web traffic running on their networks, including the ability to discover, classify, manage and control
communications between users and applications across internal networks, the WAN and the Internet. Our products are also designed to optimize the performance of our end users’ business applications and content, whether used internally or hosted
by external providers. In addition to optimizing the performance and delivery of applications, our products enable our end user customers to secure their Internet gateways and remote computer systems by providing protection from malicious code, or
malware, and objectionable content. We call this “intelligent application and user control.”

Our product and service offerings
are focused on the emerging market for Application Delivery Network infrastructure products and services. This market addresses the need of enterprises with multiple offices and geographically decentralized employees (“distributed
enterprises”) to more efficiently and effectively use and secure their critical business applications and networks. We believe there are three key functions that must be provided by an Application Delivery Network. They are:

PART II.

PART III.

FACE="Times New Roman" SIZE="2">Item 10. Directors, Executive Officers and Corporate Governance

The
information required by this Item is incorporated by reference from the responsive information to be contained in our Proxy Statement to be issued in conjunction with our annual stockholder’s meeting to be held on October 2, 2009.

PART IV.

FACE="Times New Roman" SIZE="2">Item 15. Exhibits and Financial Statement Schedules

1.
Financial Statements

See Item 8 of this Annual Report on Form 10-K

PART IV.

FACE="Times New Roman" SIZE="2">Item 15. Exhibits and Financial Statement Schedules

1.
Financial Statements

See Item 8 of this Annual Report on Form 10-K

PART II.