Networking and virtualisation software provider Citrix exited US-based analytics and performance control platform developer Xangati on Wednesday when it was acquired by enterprise data analytics provider Virtual Instruments for an undisclosed amount.
Xangati had built a hybrid cloud and virtualisation performance management platform that optimises virtual app workloads, helping data centres manage cloud performance more efficiently.
Walden International led a $10.7m series B round for Xangati in 2010 that included Alloy Ventures, before Citrix invested as part of an $11m series C round in 2013 that was led by HighBar Partners.
Virtual Instruments will use the company’s technology to boost its infrastructure performance monitoring abilities. Jagan Jagannathan, Xangati’s founder and chief technology officer, will take up the chief innovation officer role at Virtual Instruments in conjunction with the deal.
Jagannathan said: “IT architects, applications delivery and infrastructure operations teams need a holistic approach to proactively ensure the performance and availability of their constantly evolving hybrid data centres.
“Now that Xangati is part of Virtual Instruments, these teams will have a shared view into how changes in application behaviour and infrastructure affect application performance, complementing application performance management solutions.”
The deal marks Citrix’s second exit of the week, after GE Digital acquired Wise.io, a maching learning technology developer that had graduated from Citrix Startup Accelerator, for an undisclosed amount.