Fort Lauderdale, Fla. — Citrix Systems, a provider of server and desktop virtualization, is purchasing open source cloud computing company Cloud.com
Cloud.com, who was funded by Redpoint Ventures, Nexus Capital and Index ventures, is being purchased for between $200 million and $250 million, TechCrunch wrote.
The purchase comes just two years after the startup received $20 million in investment. Cloud.com offers companies their own private structure, similar to Amazon’s Elastic Compute Cloud (EC2), meeting the needs of its customers like Tata, Zynga and other undisclosed companies with huge infrastructure demands.
“As the industry moves into the Cloud Era, Citrix is committed to leading the charge with powerful solutions that make the cloud more open, more secure, and more personal,” said Mark Templeton, president and CEO, Citrix Systems Inc. in a statement. “We are delighted to welcome the Cloud.com team to the Citrix family to focus our combined efforts on helping customers of all sizes make a difference in business, and in the lives of their customers and employees.”
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http://tinyurl.com/5v6q8q3 (TechCrunch)
