Citrix is buying Netviewer, the Germany-based software-as-a-service (SaaS) company, to help its growth in virtual computing and in the European market.
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Netviewer, which specialises in collaboration and IT services including web conferencing and remote management, will become part of Citrix Online by the first quarter of 2011.
"SaaS-based collaboration and IT services have been key to our growth story. We believe there is even more opportunity ahead as the global market matures and customers look for a strong, experienced partner," said Brett Caine, senior vice president at Citrix Online.
"With the acquisition of a company that shares our vision, we will continue to execute on our strategy for global expansion and accelerated growth by delivering products that offer a simpler, better experience to enable customers to succeed," he added.
Netviewer currently has 220 employees and 18,000 customers throughout Europe, said the firm.
Financial terms of the acquisition were not disclosed.