Citrix completes Cedexis acquisition
Citrix Systems announced it has acquired Portland cloud-computing startup Cedexis in a move to boost app performance in hybrid and multi-cloud environments. Financial details of the acquisition were not disclosed.
Cedexis is a company founded in 2009 with a focus on application delivery and traffic management. The company’s technologies keeps tabs on web performance, determining the optimal route to direct online traffic. Its clients include Comcast, Lenovo, Microsoft, Airbnb, Facebook, among others.
As part of the acquisition, Cedexis technology will be combined with Citrix’s network portfolio. According to Citrix, the integration of these technologies can significantly improve app performance in hybrid clouds, which have become an attractive option for enterprises that want to embrace the cloud while holding onto their legacy infrastructure.
“IT teams will be able to respond and act quicker when troubleshooting network issues, managing load across clouds, and handling capacity changes to scale with business needs,” said Steve Shah, VP of product management at Citrix, in a statement. “Moreover, IT can reduce network and cloud costs while providing the best end-user experience. It’s like combining GPS and a self-driving car to ensure traffic takes the most efficient and effective route; it is a game changer.”
Citrix said the acquisition further differentiates its secure digital perimeter (SDP) approach to network security. Citrix can provide real-time intelligent traffic management based on user telemetry data, allowing infrastructure orchestration and real-time actionable insights into end-user engagement, according to the company.
“Citrix and Cedexis are a natural combination. We see tremendous value for our customers and partners, along with significant growth potential for our solutions,” said Ryan Windham, CEO of Cedexis. “Citrix is the clear leader in software-defined networking that helps IT adopt and manage complex cloud environments. It makes sense to combine our offerings into a comprehensive secure digital perimeter approach, which unifies and delivers the apps, data and services people need to be productive.”
Completion of the acquisition follows Citrix recently publishing its financial results for the fourth quarter and fiscal year ending last year. The company noted revenue from continuing operations was $778 million, compared to $735 million in the fourth quarter of fiscal year 2016. For fiscal year 2017, Citrix reported annual revenue from continuing operations of $2.82 billion, compared to $2.74 billion for fiscal year 2016.