Citrix (CTXS) Takes Over Cloud-Computing Startup Cedexis
Zacks Investment Research | Feb 12, 2018 10:30PM ET
In a customer-friendly move, Citrix Systems (NASDAQ:CTXS) acquired web monitoring company Cedexis, based in Portland. Terms of the deal were, however, not revealed. The addition of Cedexis’ technology will enhance Citrix’s networking portfolio.
The acquisition boosts Citrix’s ability to support enterprise customers as far as their adoption of cloud IT infrastructure is concerned. Notably, Cedexis’ technology facilitates companies monitor web performance and reroute traffic, when needed, for ensuring access to high-quality internet experience for clients' customers. Cedexis was founded in 2009.
Apart from widening the choices to Citrix’s customers, the deal offers increased flexibility aimed at improving its operational performance and efficiencies. In fact, this latest tie up is a step toward ensuring continuity of operations for all hybrid and multi-cloud deployments.
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