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 Technloogy Holdings   

July 12, 2011

Deal Alert: Nexus Ventures-backed acquired by Citrix

Citrix Systems has acquired Nexus Ventures-backed, an US-based provider of software infrastructure platforms for cloud providers. The company’s CloudStack product line helps providers deploy and manage simple, cost-effective cloud services that are scalable, secure and open.

From the Venture Intelligence PE Deal database: Nexus first invested in (then called VMOps) in Aug 2009 and reinvested as part of the $11-M second round funding in May 2010. The other investors in the company included Index Ventures and Redpoint Ventures.

The deal represents the third exit by Nexus in the last 12 months Previously, online classifieds website OLX was acquired by Napsters late last year, while Open source Web-conferencing company Dimdim was acquired by earlier this year.

For the detailed press release on the deal, please visit