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Citrix enhances zero-trust security with acquisitions of deviceTRUST GmbH and strong.network SA

PRIVATEDec 10, 2024

Acquiring Company

Citrix

Acquired Company

deviceTRUST

Fort LauderdaleDarmstadtLausanneSoftwareSoftwareInformation Technology

Description

Citrix, a business unit of Cloud Software Group, Inc., has strategically acquired deviceTRUST GmbH and strong.network SA to expand and enhance the security capabilities of the CitrixⓇ platform, reinforcing its commitment to delivering secure, flexible work solutions for companies of all sizes operating under hybrid work models.

Quick answer

Citrix is acquiring deviceTRUST and Strong Network, announced December 10, 2024. Citrix is based in Fort Lauderdale, Florida, United States.

How much did Citrix pay for deviceTRUST?
The deal value was not disclosed.
What does Citrix do?
Citrix workspace software delivers the business technology that creates a simple, secure and better way to work from anywhere and on any device.
Where are Citrix and deviceTRUST based?
Citrix is based in Fort Lauderdale, Florida, United States. deviceTRUST is based in Darmstadt, Hesse, Germany.
Who are the decision-makers at Citrix?
Fundz holds 2 contacts at Citrix. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Citrix

Location

Fort Lauderdale, Florida, United States

About

Citrix workspace software delivers the business technology that creates a simple, secure and better way to work from anywhere and on any device.

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Frequently asked

Who acquired deviceTRUST?

deviceTRUST was acquired by Citrix, based in Fort Lauderdale. The deal was reported on December 10, 2024. Citrix workspace software delivers the business technology that creates a simple, secure and better way to work from anywhere and on any device. Citrix is privately held and operates in Software.

When did Citrix acquire deviceTRUST?

Citrix's acquisition of deviceTRUST was reported on December 10, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does deviceTRUST do?

deviceTRUST Contextual Security is the layer to protect a company's data and resources and reduces the costs associated with managing and securing digital workspaces while keeping productivity high. It is privately held, operating in Software, and is based in Darmstadt.

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