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Monday, April 13, 2015

Citrix Systems Acquires Grasshopper To Strengthen Cloud-Based Offerings

Citrix Systems has announced that it has entered into definitive agreement to acquire Grasshopper Group, a leading provider of cloud-based telephony solutions for SMEs. Terms of the deal were not disclosed. The acquisition fits well with Citrix's cloud strategy to expand and strengthen its cloud-based communication offerings for SMEs. 

Massachusetts-based Grasshopper is a provider of cloud-based communication services. The company offers a cloud-based corporate communication suite that allows companies to set up corporate phone directories with toll-free numbers, voicemail and all. The system works just like a traditional phone system, but it requires no hardware or software to install and run- it's all managed online or by phone. 

Grasshopper's strength stems from its ability to offer companies (particularly those that work across multiple offices without any particular HQ)- the ability to stand up a corporate comms telephony system without having to invest in a PBX or any any other expensive legacy kit. 

Chris Battlers, vice president of Citrix said: “With the acquisition we expand the breadth of our communications and collaboration solutions fro small businesses, including GoTOMeeting, GoToTraining, GoToWebinar, ShareFile and OpenVoice.”

Don Schiavone, CEO of Grasshopper Group said: “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.”

Founded in 2003 by two entrepreneurs- David Hauser and Siamak Taghaddos, Grasshopper offers a cloud-based communications solutions for SMBs. It provides call forwarding, voicemail transcription and other services that allows entrepreneurs to use cellphones to run their businesses.

The deal is expected to close in the second quarter of 2015.

About Citrix Systems
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.

Image Credit: BizJournals

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