Portland cloud-computing startup Cedexis sold to computer networking titan Citrix Systems on Monday. The companies didn’t report terms of the deal or immediately say what will become of Cedexis’ Portland office or its employees.
Founded in 2009, Cedexis had raised $33 million in venture capital – most recently in a $22 million round in 2016. That’s a sizeable sum by the modest standards of Portland’s startup scene. Backers included Citrix’s investment arm.
Cedexis’ technology monitors the performance of the internet so companies can route their online traffic most efficiently and most reliably. That’s increasingly important as companies distribute their computing across data centers around the world. Clients include Comcast, Lenovo and Microsoft, among others.
“Cedexis extends our ability to provide customers with deeper real-time insight into network performance and enables intelligent traffic steering for applications in multi-cloud environments,” Citrix chief product officer P.J. Hough said in a blog post announcing Monday’s deal.
Cedexis had 75 employees last March, when it replaced chief executive Scott Grout with new CEO Ryan Windham. Employees had been split roughly evenly between its Portland headquarters and offices elsewhere, including a site in Paris.
Shares in Citrix were up $1.65, 1.9 percent, early Monday at $87.40. The stock has traded between $80.20 and $95 in the past year.
— Mike Rogoway; twitter: @rogoway; 503-294-7699