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Citrix Acquires XenSource For $500M

Aug 15, 2007, 16:30 (1 Talkback[s])
(Other stories by Sean Michael Kerner)

"The virtualization market got another shot in the arm one day after the blockbuster VMware IPO, with the $500 million dollar acquisition of virtualization vendor XenSource by Citrix.

"The acquisition is expected to close in the fourth quarter of 2007 and includes a combination of cash and stock. XenSource only has 650 paying customers, but the idea with acquisition is that XenSource's products will get wider distribution through the Citrix sales channel.

"'One of the dream channels for us is the Citrix channel,' XenSource CEO Peter Levine said on a morning conference call. 'All our partners carry it [Citrix] now and a lot wanted to create server virtualization practices...'"

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