Tuesday, August 8, 2006

Citrix Buys Orbital Data

Citrix Systems is buying San Mateo-based Orbital Data, a provider of WAN acceleration software, for $50M. The all-cash deal is expected to close in the third quarter of 2006. Orbital Data is backed by Redpoint Ventures and Sevin Rosen Funds. Orbital Data's products are used by enterprises to connect remote offices with corporate data centers, and employs 60.