Citrix enters agreement to purchase Bytemobile
Acquisition will give Citrix foothold in mobile network space
Citrix has signed a definitive agreement to acquire privately held Bytemobile, a provider of data and video optimisation solutions for mobile network operators.
The acquisition is designed to give Citrix a key strategic foothold in the core infrastructure of more than 130 mobile operators in 60 countries around the world. The company hopes that the acquisition will significantly extend its market reach, and enhance the broader Citrix strategy of powering mobile workstyles and cloud services.
"The cloud and mobile revolutions are rapidly converging, and mobile operators are at the heart of this convergence," said Klaus Oestermann, group vice president and general manager of cloud networking at Citrix. "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."
By joining forces, Citrix and Bytemobile will be able to offer operators combined solutions that deliver a high quality user experience to mobile subscribers, while helping operators manage the exponential growth of mobile network traffic. The acquisition builds on a strategic partnership announced earlier this year that combined the Bytemobile Smart Capacity technology with the Citrix NetScaler line of cloud networking solutions.
The acquisition of Bytemobile is designed to expand the market reach of Citrix from its existing leadership position with enterprise and cloud provider customers, into the rapidly growing mobile telecommunications space. Bytemobile brings Citrix leading technology, award-winning products, a strong customer base, and 12 years of customer relationships and deployment experience in mobile telecommunications. Bytemobile customers today serve more than two billion subscribers and process more than 20 petabytes of data traffic through customer networks daily.
"The integration of Bytemobile will enable us to extend our value proposition to the edge of the network, bringing content closer to the end user," continued Oestermann. "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."
Bytemobile has approximately 300 employees, including product, sales and services teams around the world.
This transaction has been approved by the board of directors of each company and is expected to close during Q3 2012. The acquisition is subject to customary closing conditions. The terms of the acquisition were not disclosed.
"We are excited about the significance of this transaction for the industry, our customers, our employees, and our stockholders," said Chris Koopmans, chief operating officer of Bytemobile. "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."