O’Melveny Represents Zenprise in Acquisition by CitrixDecember 06, 2012
FOR IMMEDIATE RELEASE
O’Melveny & Myers LLP
SILICON VALLEY, CALIFORNIA - DECEMBER 6, 2012 - O’Melveny & Myers LLP represented Zenprise, a leading innovator in mobile device management, in its definitive agreement to be acquired by Citrix. Subject to closing conditions including regulatory approval, the transaction is expected to close in the first quarter of 2013.
The Silicon Valley-based O’Melveny team was led by partners Warren Lazarow and Paul Sieben, and associates Tim Hagen and Sue Kim Lai. Partner Eric Amdursky advised on employment matters, partner Robert Fisher provided tax advice, counsel Warren Fox and Patricia Verdugo-Chatel advised on executive compensation matters, and Newport Beach counsel Gilbert Villaflor provided advice on intellectual property matters.
About O’Melveny & Myers LLP
With approximately 800 lawyers in 16 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.
The following press release was issued by Citrix:
Citrix Signs Definite Agreement to Acquire MDM Leader Zenprise
Addition of MDM Enables Citrix to offer the Industry’s Most Comprehensive Product Line for Managing Mobile Devices, Apps and Data
SANTA CLARA, Calif. » Dec. 5, 2012 » Citrix today announced it has entered into a definitive agreement to acquire Zenprise®, a leading innovator in mobile device management (MDM). Following the close of the acquisition, Citrix intends to integrate the Zenprise solution for mobile device management, with its Citrix CloudGateway™ and Me@Work™ solutions for managing mobile apps and data. This powerful combination will give Citrix the first solution in the industry for managing mobile devices, apps and data from a single, integrated enterprise mobility product line. This comprehensive approach can transform any organization into a truly mobile enterprise with the security and control IT requires, the ease of use and flexibility users desire, and the productivity business demands. Subject to closing conditions including regulatory approval, Citrix anticipates closing on the acquisition during the first quarter of 2013. The terms of the acquisition were not disclosed.
The Best of BYO – Now with Security and Control
Today’s users want the freedom to use any device they choose, and access to any app they need. A majority of CIOs have or will have a BYO policy for smartphones and tablets in the next 12 months1. Most companies, however, are still concerned with mobile device and app security. In a world where users can easily lose or leak sensitive corporate data through device loss or insecure cloud-based data services, the need for mobile governance and security is paramount. This presents IT with the twin challenges of giving users the choice and freedom they want, while maintaining control over corporate apps and data.
While there are many point products on the market today that address some of these issues, none of them solve the full problem. As a result, organizations are forced to deploy a mix of products from multiple vendors, often resulting in complicated deployments, expensive overhead, and a poor user experience. What is needed is a single, integrated enterprise mobility product line from a trusted vendor that combines all the power of MDM, with the ability to manage mobile apps and data across any mix of user devices. This is exactly what Citrix and Zenprise intend to deliver as a result of this acquisition.
Delivering a Comprehensive Enterprise Mobility Solution
Over the past year, Citrix has rapidly expanded its mobile capabilities with CloudGateway - offering a single control point to manage and securely deliver native mobile apps, as well as Windows, Web and SaaS apps to any corporate or personal device. In October, Citrix went a step further with its announcement of Citrix Me@Work, a complete mobile app family built for business that includes Citrix ShareFile™ for secure mobile data access, Citrix GoToMeeting® for easy, integrated mobile collaboration, Podio™ for social team collaboration, as well as new Citrix @WorkMail™ and @WorkWeb™ apps for secure mobile email and web access. When MDM is combined with these mobile app and data solutions, Citrix will become the first company to offer a mobile device, app and data management in a single, integrated enterprise mobility product line.
Sumit Dhawan, Vice President and General Manager, Mobile Solutions at Citrix
“Consumerization and BYO have given rise to very difficult challenges for businesses in enabling a productive, mobile workforce while still maintaining tight controls over company information. Zenprise was a clear choice for Citrix, with its leading MDM product, an experienced team, a history of innovation, and a footprint on more than one million devices. With a complete Citrix enterprise mobility solution, customers have all the necessary pieces to manage and secure mobile apps, content and devices.”
Dr. Waheed Qureshi, Chairman and CTO, Zenprise
“This combination not only brings together incredibly complementary products, but a shared culture of innovation. Citrix and Zenprise have each proven their ability to deliver leading offerings in a fast-paced market. Together, we will accelerate our ability to anticipate and exceed our customers’ expectations for world-class enterprise mobility solutions.”
Amit Pandey, President and CEO, Zenprise
“Unlike most mobile device management vendors that just manage devices, Zenprise is focused on next-generation MDM. This means making mobile apps “business-ready” and keeping mobile content secure, while harmonizing IT needs and the user experience. Zenprise has made it easy for businesses to put mobile to work and our software is a great complement to the Citrix mobility solutions.”
Citrix (NASDAQ:CTXS) transforms how businesses and IT work and people collaborate in the cloud era. With market-leading cloud, collaboration, networking and virtualization technologies, Citrix powers mobile workstyles and cloud services, making complex enterprise IT simpler and more accessible for 260,000 organizations. Citrix products touch 75 percent of Internet users each day and it partners with more than 10,000 companies in 100 countries. Annual revenue in 2011 was $2.21 billion. Learn more at www.citrix.com.