Accelerite Announces Agreement to Acquire Citrix CloudPlatform

SANTA CLARA, CA, Jan. 11, 2016 /CNW/ - Accelerite, provider of enterprise infrastructure software, today announced it has entered into an agreement to acquire Citrix CloudPlatform, powered by Apache CloudStack™ and CloudPortal Business Manager. The transaction, subject to customary closing conditions, is expected to close before March 31st 2016. The addition of these technologies to the company's cloud software portfolio will help enterprises and service providers simplify cloud management and accelerate the adoption of containers in the cloud.

Citrix CloudPlatform (powered by Apache CloudStack™) is cloud computing software for creating, managing, and deploying public and private cloud infrastructure services. CloudPortal Business Manager is a unified cloud services delivery and business management platform that enables cloud services automation for provisioning, billing, metering and user management. CloudPortal Business Manager makes it easy to deliver a broad array of cloud services while integrating with existing business, operations and IT systems.

According to Nara Rajagopalan (CEO, Accelerite), "Cloud infrastructure software is one of the three pillars of Accelerite. Today, our cloud software portfolio includes disaster recovery and enterprise self-service solutions. The addition of CloudPlatform and CloudPortal Business Manager product lines will help round out our portfolio and enables us to offer complete end-to-end life cycle management for public and private clouds. Although we see an increase in both the acceptance and adoption of containers in today's clouds, large gaps still exist in an enterprise's ability to deploy and manage containers in these environments. CloudPlatform, with its simplicity and ease-of-use along with its tremendous customer base, is a great platform for enterprises to use to address this emerging need to help evolve the cloud into its next phase of hyper-convergence."

"Customers are our top priority and we are confident that Accelerite will nurture our customers who are heavily invested in running their clouds on these solutions," said Steve Wilson, vice president, Core Infrastructure at Citrix. "Accelerite has been successful in acquiring product lines from other large companies to grow cloud computing and virtualization software products. Citrix will work closely with Accelerite to build on CloudPlatform integrations with our key offerings that enable the secure delivery of apps and data."

In addition to increasing the level of investment in the product line to reinvigorate the roadmap with new features and functions to meet the evolving needs of CloudPlatform users, Accelerite will continue to work closely with Apache Foundation and contribute its CloudPlatform roadmap to the Apache CloudStack project.

About Accelerite

Accelerite provides infrastructure software in the areas of Cloud Management (Convirt/rCloud/Rovius), Endpoint and Enterprise Mobility Management (Radia) and an API based Service Creation and Monetization platform for the fields of telecommunications and Internet of Things (Aepona, acquired from Intel). These products meet the needs of Fortune 500 and SMBs globally. Accelerite is the products business of Persistent Systems (BSE & NSE: PERSISTENT), a global leader in software product development and technology services, with over 8,000 team members worldwide. Learn more at http://www.accelerite.com.

SOURCE Accelerite

For further information: Ken Montgomery, Persistent Systems, Vice President, Global Communications, +1-949-939-5164, Ken_montgomery@persistentsys.com

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