Mergers & Acquisitions

Mergers & Acquisitions

July 14, 2011

Citrix Completes Acquisition of

Cloud technology provider Citrix has successfully acquired open source cloud software developer Report by TechCrunch suggests that it was sold for more than $200 million.

Company officials at Citrix say that the acquisition further establishes Citrix as a leader in infrastructure for the cloud provider market. The company now offers a complete portfolio of virtualization, orchestration and networking solutions purpose-built for the cloud. is the platform behind many of the world’s most innovative and successful clouds. It is well known for its CloudStack product line that helps service providers deploy and manage simple, cost-effective cloud services.

In a press release, Mark Templeton, president and CEO of Citrix Systems (News - Alert) said: "We are delighted to welcome the team to the Citrix family to focus our combined efforts on helping customers of all sizes make a difference in business, and in the lives of their customers and employees.”

Both Citrix and, with this acquisition, will be able to extend their commitment to openness and interoperability. will continue to support Citrix XenServer and VMware vSphere, as well as open source hypervisors like Xen. Citrix will add support for Microsoft (News - Alert) Hyper-V and System Center to the product line.

Sheng Liang, founder and CEO of stated: "Joining forces with Citrix will dramatically accelerate our mission to help customers achieve all the promise cloud computing has to offer, in a way that’s open, secure and efficient.”

Sheng Liang, CEO of will continue to lead the design, architecture and technology of the CloudStack product line. He will report directly to Sameer Dholakia, group vice president and general manager of cloud platforms product group at Citrix.

In related news, Charity Technology Trust announced that Citrix's web hosted service GoToMeeting has joined its technology donation program, CTXchange.

Deepika Mala is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves

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