Citrix Systems acquires Zenprise
Jan 04, 2013 (Datamonitor Financial Deals Tracker via COMTEX) --
Citrix Systems, Inc., a designer, developer and marketer of information technology solutions, has acquired Zenprise, Inc., a provider enterprise mobile management and mobile device management software. Both the companies are based in the US.
Announcement (December 5, 2012):
Citrix Systems has entered into a definitive agreement to acquire Zenprise.
Zenprise is backed by investment firms Greylock Partners, Bay Partners, Ignition Partners, Mayfield Fund, Rembrandt Venture Partners and Shasta Ventures.
O'Melveny & Myers LLP is acting as legal advisor to Zenprise and Bingham McCutchen LLP is acting as legal advisor to Citrix Systems. The transaction is anticipated to close during the first quarter of 2013.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2013-01-02
Target (Company) Zenprise, Inc.
Acquirer (Company) Citrix Systems, Inc.
Vendor (Company) Undisclosed Vendors
The transaction allows Citrix Systems to integrate the Zenprise solution for mobile device management with its Citrix CloudGateway(TM) and Me@Work(TM) solutions for managing mobile applications and data. This combination will give Citrix Systems the first solution in the industry for managing mobile devices, applications and data from a single, integrated enterprise mobility product line.
[ Back To IBM News 's Homepage ]