Citrix Signs Code Access Deal with Microsoft - TheStreet

Citrix Systems

(CTXS) - Get Report

said on Thursday that it had reached a three-year agreement with


(MSFT) - Get Report

to allow continued access to Microsoft Windows Server code.

In a press release, Citrix said that the agreement, which does not involve financial payments by either company, "ensures that Citrix will continue to have access to new Windows releases in the future" and it "demonstrates Microsoft's recognition of the value Citrix solutions add to the Microsoft platforms."

Microsoft and Citrix originally agreed in 1997 to use Citrix-developed technology in the Windows server operating systems. The new deal will give Citrix access to current and future operating systems for the next three years.

Shares of Citrix were recently trading up 8.4% to $12.40 in premarket trading on the news after closing at $11.44 Wednesday.