Persistent US arm acquires Citrix CloudPlatform

In a filing to the exchange, Persistent said, "The company has now closed its purchase from Citrix Systems International GMBH, a Swiss subsidiary of Citrix Systems, Inc. of Citrix CloudPlatform and CloudPortal Business Manager product lines in an asset purchase transaction."

Mar 01, 2016 10:03 IST India Infoline News Service

Persistent Systems
Persistent System's US arm has acquired Citrix CloudPlatform, signing an agreement with Citrix Systems to buy two product lines.

In a filing to the exchange, Persistent said, "The company has now closed its purchase from Citrix Systems International GMBH, a Swiss subsidiary of Citrix Systems, Inc. of Citrix CloudPlatform and CloudPortal Business Manager product lines in an asset purchase transaction. With reference to the earlier letter dated January 11, 2016, the company had informed that on January 10, 2016 (PST), Persistent Systems Limited, through its U.S. subsidiary signed an agreement with Citrix Systems International GMBH, a Swiss subsidiary of Citrix Systems, Inc., to acquire the Citrix CloudPlatform and CloudPortal Business Manager product lines in an asset purchase transaction. The acquisition was subject to customary closing conditions."

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