(Updates from 2:46 p.m. ET 12/7/2012 with speculation that Cisco may be interested in Citrix.)
NEW YORK ( TheStreet) -- It's a beautiful thing to see a company separate itself from its competitors and emerge as the "go-to" supplier for one of the biggest industries in the world.
On Dec. 5, Citrix announced it has entered into a definitive agreement to acquire Zenprise, a leading innovator in mobile device management. Following the close of the acquisition, expected during the first quarter of 2013, Citrix intends to integrate the Zenprise solution for mobile device management with its Citrix CloudGateway and Me@Work solutions for managing mobile apps and data.This combination will give Citrix the first solution in the industry for managing mobile devices, apps and data from a single, integrated enterprise mobility product line. That's the hallmark of CTXS. It finds holes that need filling in the world of mobile communications. Then it designs or cobbles together answers to the deficiencies, thus creating a "league" of its own in the mobility industry. Headquartered in Silicon Valley, Zenprise provides innovative and secure mobile device management. The company has an extensive list of global customers and partners that span a cross-section of countries and vertical industries including: aerospace and defense, financial services, health care, oil and gas, legal, telecommunications, retail, entertainment and federal, state and local governments. In 2011, Citrix passed the $2 billion revenue mark. As of Sept. 30, its revenue has grown to $2.47 billion. The Zenprise announcement extends the Citrix legacy of strategic acquisitions that expand its business, including ByteMobile in 2012, as well as ShareFile and Cloud.com in 2011, among others. It is with well-deserved enthusiasm I encourage you to take a tour of the company's fascinating Web site and explore all the ways it serves the business community as well as the individual mobile device user.
Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust. Enjoy advance notice of every trade, full access to the portfolio and deep coverage of the latest economic events and market movements.What's really impressive to this analyst is that CTXS has been acquiring all these strategically valuable companies and yet their balance sheet (as of Sept. 30) show that they have zero long-term debt.
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