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Citrix Acquires Cloud.com

Citrix (NASDQ:CTXS) is acquiring cloud startup cloud.com in an effort to further expand cloud services and ramp up competition against VMware.

Cloud.com offers a Platform-as-a-Service solution that is intended to help make it easier for enterprises to manage and deploy cloud services. Citrix spokesperson Julie Geer told InternetNews.com that Citrix was not disclosing the financial value of the deal. That said, she noted that all of Cloud.com's employees will be moving over to Citrix. The cloud.com product portfolio will now be branded as Citrix CloudStack under the new Cloud Platforms Group headed up by Sameer Dholakia.

"We view this acquisition as being very strategic and it will be accelerating what we're doing in the cloud infrastructure marketplace," Sameer Dholakia, GM, Citrix Cloud Platforms product group said during a conference call with press and analysts. "While there is much hype around the phrase of 'cloud', it is certainly more than hype. This is not a fad, it's a transformative trend in IT that is fundamentally changing the way that IT infrastructure is designed, built, delivered and consumed."

Read the full story at Datamation:
Citrix Acquires Cloud.com