Apr

72015

Citrix Signs Definitive Agreement to Acquire Grasshopper

SANTA CLARA, Calif.  Citrix today announced that it has entered into a definitive agreement to acquire Grasshopper Group, LLC, a leading provider of cloud-based telephony solutions for small businesses.  Closing of the acquisition is subject to certain government consents and other closing conditions.  The company expects that the deal will close in the second quarter of 2015. 

The terms of the acquisition were not disclosed.  

  

With the acquisition we expand the breadth of our communication and collaboration solutions for small businesses, including GoToMeeting, GoToTraining, GoToWebinar, ShareFile and OpenVoice.
- Chris Battles

Vice President

Citrix

Our team shares the same vision and culture as Citrix, making Citrix the perfect home as we accelerate Grasshopper’s growth. This transaction will allow Grasshopper to align itself with a well-respected leader in collaboration solutions for small businesses.
- Don Schiavone

Chief Operating Officer

Grasshopper

With the acquisition we expand the breadth of our communication and collaboration solutions for small businesses.
- Chris Battles

Vice President

Citrix

About Citrix

Citrix (NASDAQ:CTXS) is leading the transition to software-defining the workplace, uniting virtualization, mobility management, networking and SaaS solutions to enable new ways for businesses and people to work better. Citrix solutions power business mobility through secure, mobile workspaces that provide people with instant access to apps, desktops, data and communications on any device, over any network and cloud. With annual revenue in 2014 of $3.14 billion, Citrix solutions are in use at more than 330,000 organizations and by over 100 million users globally. Learn more at http://www.citrix.com

For Citrix Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.

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