Citrix buys ViewSoft
Merger worth $32 million
Citrix yesterday announced it will buy ViewSoft, transforming the Web application development software specialist into a wholly owned subsidiary. The deal is expected to be completed during Q3, Citrix said, and will see the company taking a $2 million charge for in-process R&D for the quarter ended 30 September. The merger itself is valued at $32 million. Citrix said it will use ViewSoft's technology to extend its own Application Linking and Embedding (ALE) software, which allows thin client systems to access and run Windows apps through a Web browser interface. ®
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