December 17, 2010 – Citrix Systems Inc. said Friday it plans to expand its SaaS business presence with the purchase of privately held German vendor Netviewer AG.

Founded in 2001, Netviewer specializes in collaboration solutions and has more than 18,000 customers, according to its website. Officials for California-based Citrix stated that the acquisition will enable it to address the surge in virtualization, particularly in Europe.

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