NEW DELHI
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.