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Citrix Systems acquires BytemobileJul 10, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Citrix Systems, Inc., a designer and developer of cloud, collaboration, networking and virtualization technologies, has acquired Bytemobile, Inc. Both the companies are based in the US. Bytemobile is a company engaged in providing wireless internet infrastructure facilities. Announcement (June 7, 2012): Citrix Systems has signed a definitive agreement to acquire Bytemobile. Upon the close of this acquisition, Bytemobile will form a new service provider platforms team as part of the Citrix Systems cloud networking product group. Earlier, Bytemobile had secured venture funding from Ericsson Venture Partners CV, Benchmark Capital, Crossbridge Venture Partners, Trident Capital, and R. B. Webber & Company. The transaction is expected to close during the third quarter of 2012. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2012-07-09 Deal Participants Target (Company) Bytemobile, Inc. Acquirer (Company) Citrix Systems, Inc. Vendor 1 (Company) R. B. Webber & Company Vendor 2 (Company) Undisclosed Vendors Deal Rationale This acquisition provides Citrix a strategic foothold in the core infrastructure of more than 130 mobile operators in 60 countries around the world, significantly extending its market reach, and enhancing the broader Citrix strategy of powering mobile work styles and cloud services. The acquisition of Bytemobile expands the market reach of Citrix from its existing position with enterprise and cloud provider customers, into the growing mobile telecommunications space. The acquisition will give Citrix a key foothold in the operator market and create an important new on-ramp for its cloud networking business, and will also enable operators to deliver an unparalleled user experience to mobile subscribers, while managing exponential growth in network data traffic with high performance, visibility and efficiency. |