Citrix today announced it has signed a definitive agreement to acquire privately held Bytemobile, a leading provider of data and video optimization solutions for mobile network operators. This acquisition gives Citrix a key strategic foothold in the core infrastructure of more than 130 mobile operators in 60 countries around the world, significantly extending the company's market reach, and enhancing the broader Citrix strategy of powering mobile workstyles and cloud services. (read the entire news release).
Bytemobile has deep University of Illinois roots. University of Illinois Electrical Engineering professor Constantine Polychronopoulos's research in multithreading computer architectures and wireless network performance optimization at the University of Illinois at Urbana-Champaign (UIUC) formed the core of Bytemobile technology. The company was founded in 2000, and it is a graduate of the Technology Commercialization Lab, the incubator facility that was the predecessor to EnterpriseWorks. It opened a research and development facility in the Research Park in 2006.
Citrix is publicly traded on the NASDAQ, and becomes the 14th publicly traded company to have an operation in the Research Park.
Here is the News-Gazette's coverage of this milestone.