Citrix buys venture-backed Vapps for $26.6 million
Citrix said today it bought audio-conferencing services firm Vapps for $26.6 million in cash. If Vapps continues to perform well, it will get an additional $4.4 million from Citrix. Counting options, the value of the deal is $34 million at most.
The deal is a small one, but Azure Capital Partners, the largest investor in Vapps, said that it got a 3.6 times return on its investment over 18 months. It amounted to a 125 percent… Continue Reading