Citrix ventures into the audio conferencing business with their acquisition of Vapps, based in New Jersey, for $26.6M. With the economy where it's at, the acquisition isn't that bad of an idea since there are many small business out there with cash-flow problems which an acquisition like this would solve. Citrix also benefits with a discounted purchase price. (Vapps has about 15 employees and does about $2M in sales revenue.)
Vapps' main focus is on VoIP, something that Citrix has been trying to get right on their own with their Total Audio Package but have been unable to overcome the ongoing issues with audio echos and degradation.
It will be interesting to see what comes from the Vapps acquisition and if there will be integration with the Citrix solutions.
