Sharechat Logo

Nasdaq-listed Citrix buys Wellington-based Beetil for undisclosed sum

Tuesday 11th September 2012

Text too small?

Nasdaq-listed Citrix Systems, which supplies cloud-based IT services to businesses, has bought Wellington-based software firm Beetil Service Management for an undisclosed amount.

The acquisition is effective from today and will absorb the existing Beetil team into its IT support unit, adding an integrated IT service desk to its product line, Citrix said in a statement. Beetil chief executive and biggest shareholder Dan Lee will report to Citrix's general manager of IT support Elizabeth Colawsky in Santa Barbara, California.

"This acquisition reinforces our commitment to meeting the growing demand of our customers and the market for a simpler and integrated approach to IT support," said Brett Caine, GM of online services at Citrix.

Beetil is the latest local tech firm sold to an overseas buyer this year, joining software firm Superstructure Group, contact centre software provider Zeacom, NZ Post's Electronic Commerce Network, and radio products developer 4RF.

Shares in Citrix fell 0.3 percent to US$80.34 on the Nasdaq yesterday, having climbed by a third this year.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

PCT - Delivering on strategy underpins strong operating result
KFL - August 2020 monthly update
BRM - August 2020 monthly update
MLN - August 2020 monthly update
Further COVID-19 Restrictions at SkyCity’s New Zealand Properties
FY20 results guidance met, Results date, Banking Facility
Sky sells OSB assets to NEP NZ, secures 10 year partnership
NZX fully operational - announcement re COVID-19
Heartland Market Update
Steel & Tube Fy20 Trading Update

IRG See IRG research reports