Wed, Aug 15th 2007 7:52am
We're sure the timing of this is a total coincidence, but just one day after EMC subsidiary VMWare skyrocketed in its market debut, software maker Citrix systems has announced the purchase of Xensource, a privately held maker of virtualization technology. It's hard to say whether Citrix got a good price on the $500 million deal, but considering the timing, you have to figure that Xensource was able to attract quite the premium. As Paul Kedrosky noted yesterday, the VMWare IPO seemed likely to spur the hunt for more such deals. Who knew things would get kicked off so quickly?
If you liked this post, you may also be interested in...
- VW Accused Of Using Software To Fool Emissions Tests: Welcome To The Internet Of Cheating Things
- India's New Patent Guidelines Declare Software And Business Methods Clearly Patentable For The First Time
- Yes, The Appeals Court Got Basically Everything Wrong In Deciding API's Are Covered By Copyright
- Appeals Court May Have Finally Reversed An Error That Enabled Bogus Software Patent Claims
- NSA Gave RSA $10 Million To Promote Crypto It Had Purposely Weakened