Cloud business specialist, Citrix has entered into a definitive deal to acquire mobile solutions provider, Bytemobile. The deal will expand Citrix reach by granting them access to 130 mobile operators in 60 countries worldwide.
Furthermore, the partnership allows the companies to better capitalize on the growing mobile and could-based networking trends which are growing exponentially everyday.
The acquisition builds on a strategic partnership announced earlier this year that combines the Bytemobile Smart Capacity technology with the Citrix NetScaler line of cloud networking solutions. The acquisition is a valuable investment into the mobile data and video markets for Citrix.
Klaus Oestermann, group vice president and general manager of cloud networking at Citrix comments on the acquisition of Bytemobile:
“The cloud and mobile revolutions are rapidly converging, and mobile operators are at the heart of this convergence,”
“With the integration of Bytemobile technology, products and intellectual capital, Citrix will be uniquely positioned to be a leader in the global mobile data and video infrastructure market in the LTE era.”
“The benefits to network operators and their subscribers include faster, more efficient, more reliable, and more manageable networks; higher performance resulting in better service and a better user experience; and scalability to process growing volumes of data traffic at a much lower cost.”
Chris Koopmans, chief operating officer of Bytemobile comments on the acquisition:
“We are excited about the significance of this transaction for the industry, our customers, our employees, and our stockholders,”
“With the rollout of LTE and other next-generation networks, the mobile data market is poised to grow dramatically in the coming years. The addition of Bytemobile solutions to the Citrix portfolio will accelerate the fulfillment of our vision and investment in the future of the industry.”
California-based Bytemobile employs over 300 people including product, sales, and service teams around the globe. They specialize in optimizing video and data services, and providing feedback based on a number of metrics. Their business currently reaches over 2 billion customers and handles 20 petabytes of data each day.
The financial aspects of the deal have yet to be disclosed, and a closing date hasn't been determined. Citrix will discuss the matter further upon the closure of their second 2012 financial quarter at the end of June.