| Citrix Completes Acquisition of XenSource |
| Tuesday, 23 October 2007 by Michel Roth | |||
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"Today at Citrix iForum™, the world’s largest application delivery conference and expo, Citrix Systems, Inc. (Nasdaq: CTXS) announced it has completed the acquisition of XenSource, Inc., a privately held leader in enterprise-grade virtual infrastructure solutions. The purchase price for the transaction was approximately $500 million payable in a combination of cash and Citrix common stock. This acquisition moves Citrix, a pioneer in the application virtualization market, into adjacent server and desktop virtualization markets — expected by Citrix to grow to nearly $5 billion over the next four years. By acquiring XenSource, Citrix is now the only company to offer organizations an end-to-end application delivery infrastructure that leverages the method of application, desktop and server virtualization best suited for the dynamic delivery of applications to any user (see today’s separate press release on the company’s enhanced virtualization strategy)." Read more here.
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