Citrix acquires Orbital Data

DQC Bureau
New Update


AUGUST 30, 2006


Citrix has signed a definitive agreement to acquire privately held Orbital

Data Corp., a solutions provider that optimize the delivery of applications over

wide area networks(WANs).

The acquisition is a part of its end-to-end application delivery strategy

that makes it faster and cost-effective to deliver applications to users in

branch offices and other remote locations.

Orbital Data gives Citrix best-in-class technology as well as a strategic

presence at the entry point to branch offices worldwide.

The all-cash consideration payable to the shareholders of Orbital Data Corp.

is approximately $50 million, and the acquisition is expected to close in the

third quarter of 2006. The company also assumed approximately 0.3 million

unvested stock-based instruments each of which upon vesting will be exercisable

for the right to receive one share of the company's common stock.