IntervalZero, a new embedded software company led by a group of senior Ardence executives, today announced that it has acquired Ardence’s Embedded software business from Citrix.
The company, which is based in Waltham, MA, is headed by CEO Jeffrey D. Hibbard, an Ardence/Citrix executive with more than 20 years of software engineering, sales, marketing and management experience.
IntervalZero officially completed the acquisition on July 15 and will continue to market and sell the Embedded products under their existing names – RTX, ETS and Select. IntervalZero said worldwide Embedded Distribution/Reseller channels and Embedded Partner affiliations – notably the Partner relationships with Microsoft and Intel – remain in place.
Citrix, the global leader in application delivery infrastructure, acquired Ardence’s Enterprise and Embedded software businesses in January 2007. Although Citrix determined that the Ardence Embedded products were not a good fit for its Enterprise product portfolio, Citrix made an equity investment in IntervalZero.
“We believe there are significant opportunities in Embedded technology, but it is not a core business for Citrix. To continue to grow and succeed, the Embedded business needed both the focus and the investment that Jeff and the IntervalZero team are fully committed to delivering. Their approach to the market and their business model are sound, which is why we have maintained a stake in the IntervalZero,” said Lou Shipley, VP and General Manager of Citrix’s Xen Products Group.
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