Citrix acquires Teros Inc.

By agencies   |   Thursday, 17 November 2005, 08:00 Hrs
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FORT LAUDERDALE, FL: Citrix Systems, Inc. (CTXS), the makers of access infrastructure solutions has acquired Sunnyvale, CA. based Teros, Inc., a privately-held provider of application security solutions. Financial terms were not disclosed.

Founded in 2000, Teros makes web application firewall and has received numerous industry awards for its innovation in both Web and XML Web services security technology.

B.V. Jagadeesh, group vice president and general manager, Citrix said, "Web application attacks are the most serious threat to IT security infrastructures today, putting sensitive corporate information and confidential customer data at risk. In the wake of increasingly strict government regulations worldwide, protecting applications is no longer an option."

"Customers are increasingly looking to their application delivery vendors to secure against these emerging threats. Teros provides Citrix with state-of-the-art application security capabilities that further extend our leadership as the fastest, most cost-effective, most secure way to deliver Web applications."

"Teros is delighted to be joining a global market leader like Citrix," said Bob Walters, president and chief executive officer, Teros, Inc. "We have been extremely impressed by the Citrix team and are convinced that this combination will be a huge hit in the marketplace."

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