Citrix Systems recently announced it has completed the acquisition of privately held Orbital Data Corp, a leading provider of solutions that optimise the delivery of applications to users over wide area networks (WANs).
The cash consideration to shareholders was approximately $50 million. The company also assumed approximately 0.3 million in 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.
This acquisition strengthens Citrix`s customer value proposition as part of the company`s end-to-end application delivery strategy. With an estimated 55% of all employees worldwide accessing their applications from branch offices, WAN optimisation solutions are rapidly becoming a critical infrastructure requirement for companies worldwide.
The Orbital Data solution, which will be re-branded as Citrix WANScaler, addresses this important market by improving application response time up to 50 times for branch office employees while reducing the need for expensive bandwidth upgrades. The new Citrix WANScaler solution also provides an ideal complement to the company`s flagship Citrix NetScaler and Citrix Presentation Server product lines, further enhancing performance for remote application users.
"With this acquisition, Citrix enters the fast-growing WAN optimisation market accelerating application delivery for branch offices worldwide thereby extending our best access experience value," said Nick Keene, Acting Country Manager, Citrix South Africa.
"Citrix has a proven track record making successful acquisitions and bringing products to market as part of its overall application delivery strategy. A similar opportunity exists with Orbital Data, and we are enthusiastic about bringing this solution to our customers and channel partners around the world."
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