[Techtaffy Newsdesk]
Citrix has signed a definitive agreement to acquire privately held Bytemobile, a provider of data and video optimization solutions for mobile network operators. The acquisition builds on a strategic partnership formed earlier this year that combined the Bytemobile Smart Capacity technology with the Citrix NetScaler line of cloud networking solutions. The terms of the acquisition were not disclosed. Upon the close of this acquisition, Bytemobile will form a new Service Provider Platforms team as part of the Citrix Cloud Networking product group.
This transaction has been approved by the board of directors of each company and is expected to close during the third quarter of 2012. The acquisition is subject to customary closing conditions, including approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Based near Citrix Silicon Valley headquarters in Santa Clara, Calif., Bytemobile has approximately 300 employees, including product, sales and services teams around the world.
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Upload: 06-17-12