Reuters: Mergers News: UPDATE 1-Citrix to buy privately held Bytemobile

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Citrix to buy privately held Bytemobile Jun 7th 2012, 12:28 Thu Jun 7, 2012 8:28am EDT June 7 (Reuters) - Business software maker Citrix Systems Inc said it would buy privately held Bytemobile for an undisclosed amount. The acquisition of Bytemobile, which makes software that helps mobile network operators manage and condense data and video traffic, will give Citrix access to 130 mobile carriers in 60 countries, Citrix said in a statement. Citrix, which traditionally develops virtualization software that allows a single computer to perform the work of several machines, said the deal was expected to close during the third quarter. Mobile operators have seen explosive growth in network traffic, a majority of which is generated by consumers watching video, with owners of Apple's iPhone and Google Inc's Android-based smartphones driving the demand. "Citrix and Bytemobile will be able to offer operators combined solutions that deliver a high quality user experience to mobile subscribers, while helping operators manage the exponential growth of mobile network traffic," Citrix said in a statement.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions