Citrix acquires Net6 for $50m

HYDERABAD: Citrix Systems, Inc. has announced that it has signed a definitive agreement to acquire privately held Net6 Inc., provider of secure access gateways. The all-cash transaction is valued at approximately $50 million and is expected to close in the fourth quarter of 2004.

The Net6 acquisition gives Citrix an SSL (Secure Sockets Layer) Access Gateway, an Application Gateway and Voice Office Suite and new competencies and domain experience in network appliances,



application user interface transformation and VoIP technologies. Net6 has two major products focused on access, both in growth markets - SSL Access Gateway and Application Gateway with Voice Office Application Suite.

"Citrix is the leader in access infrastructure market and with the price points and disruptive feature capabilities of the Net6 Access Gateways, we can accelerate our growth through global distribution channels," said president and CEO of Net6, Murli Thirumale. "Our network-integrated appliance technology and unique VoIP solutions bring Citrix customers significant new value, and Citrix channels new revenue streams," he added.