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Citrix Completes Acquisition Of Orbital Data |
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Tuesday, 22 August 2006
by Michel Roth
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Citrix has announced that it now has officially completed the acquisition of Orbital Data: "Citrix today announced it has completed the acquisition of privately held Orbital Data Corp., a leading provider of solutions that optimize the delivery of applications to branch office users over wide area networks (WANs). The cash consideration to shareholders was approximately $50 million. The company also assumed approximately 0.3 million unvested stock-based instruments each of which upon vesting will be exercisable for the right to receive one share of the company’s common stock."
"Orbital Data’s development and marketing teams will join the Citrix Application Networking Group in San Jose, Calif., while Orbital’s sales teams will report into Citrix sales and channel development teams, becoming dedicated WANScaler sales and channel development specialists."
Read the entire press release here.
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