Sources: Citrix Mulling Sale Or Spinoff Of Its Online Services Unit
Citrix Systems is considering a sale or spinoff of its online services subsidiary, which includes its GoToMeeting Web conferencing and GoToMyPC remote access apps, sources familiar with the matter told CRN this week.
Citrix is facing growing competition in several key business areas and last week issued a profit warning for its current quarter. Selling or spinning off the online services unit could give Citrix some much-needed financial flexibility, according to the sources, who all didn’t want to be named.
Shedding its online services business could also help Citrix concentrate on core businesses like desktop and application virtualization, said the sources.
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