ASP FutureLink Pays $51m for Citrix Reseller Micro Visions.Canadian application service provider FutureLink Distribution Corp said it will acquire Micro Visions Inc for $51m, based on June 2 closing prices. Irvine, California-based Micro Visions claims to be the top Citrix Systems Citrix Systems' (NASDAQ: CTXS) is an American technology company, based in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, with additional development centers in Australia, India and the UK. Inc reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. and integrator of server-based computing Refers to applications that run in a server. Also known as "thin client computing," it may refer to a browser-based environment that uses a Web browser as the client with all applications running on a Web server on the Internet or in an intranet on the LAN. systems in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The company has 80 employees and had 1998 revenues of $13.7m. Under the terms of the deal, Micro Visions shareholders will receive $12m in cash and 6 million post-reverse split FutureLink common shares when the transaction closes. In addition, the shareholders could earn a further earn out of 2.4 million shares based on the achievement of specified performance targets. FutureLink says Citrix products provide part of the foundation for its computer utility service, which allows subscribers to access virtually any application, across any network connection via any client hardware. |
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