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Citrix Completes Netscaler Acquisition. 2005-08-17, HostMan.biz Access infrastructure solutions provider Citrix (citrix.com) announced on Tuesday that it had completed its acquisition of Netscaler (netscaler.com), a developer of application acceleration technology. The transaction is valued at approximately $300 million in cash and stock. Citrix says the acquisition will enable it to strengthen the performance of applications delivered through the Citrix Access Platform, improving application security, manageability, reliability, and availability while lowering the total cost of operations. Netscaler is capable of accelerating the performance of Web browser-based applications and Web sites by 15 times. "With this acquisition, we are extending our best access experience value to the entire range of Web-based applications, including enterprise, browser-based, XML Web services, and others," says Mark Templeton, president and chief executive officer for Citrix. Netscaler, with 200 employees, will continue to operate out of San Jose. It will become the Application Networking Group of Citrix. B.V. Jagadeesh, previously president and chief executive officer for NetScaler, will assume the role of group vice president and general manager.

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