In an attempt to add Web application delivery to its arsenal, Citrix Systems has signalled its intention to acquire US-based Sequoia Software for $US184.6 million.
Citrix is expected to commence the all-cash tender on March 26, with the purchase of all outstanding Sequoia common stock at $5.64 per share.
According to Gary O'Brien, marketing director Asia Pacific Citrix, the acquisition "rounds out" the company's high-end enterprise product range.
"We've been going after the enterprise for some time with [MetaFrame] XP, but Citrix's main claim to fame has been with legacy applications. What Sequoia does is add Web applications and a real strength in the XML environment," O'Brien said.
Although Sequoia does not have a presence in Australia, O'Brien claims there will be products based on Sequoia technology and subsequent support/training offered to the channel by the end of the year.
"With both MetaFrame XP and Sequoia XPS portal software, enterprise customers will be able to look to our systems integrators and channel partners as a single source for two key parts of their strategic applications platform," added O'Brien.
Citrix expects to begin recouping its investment by 2002, with the acquisition slated for completion in around 60 days.