looks like the first of the non-core products to be rationalised
http://profit.ndtv.com/news/stocks/article-persistent-systems-to-acquire-citrix-systems-2-product-lines-1264380
Will those teams go with the products? - or are they to be laid-off ?
6 replies (most recent on top)
My bad...i misread the article. I though it was just the EMC Cortex stuff that had been sold on.
The cloud.com acquisition provided the CloudPlatform products, CloudPortal (SM/BM) were from the EMC Cortex acquisition.
Are you saying that CloudPlatform has also been sold off?
Holy shit, what about the original founders/developers of cloud.com? Just curious while sitting outside the fence.
As of Jan 2015 itself there were no US based engineering teams for these products. They were all laid off. Only India based teams are involved in the Persistent transaction. Citrix stopped investing into these products quite a long time ago anyway, way before the Jan 2015 layoffs. We can now officially call the cloud.com acquisition a bust.
Well, whatever US jobs there are/were on those platforms, hear the vacuum-forming, sucking sound as they get moved to Pune. I wouldn't hold a grudge, though. Even with a US subsidiary, if I were an Indian firm acquiring a US one, it would stupid not to consolidate as much as possible back to HQs. Don't blame Elliott or Persistent Systems. Blame it on management that ran the company to the ground with pointless M&As. The only things that can successful spread horizontally in all directions are bacterial mats and fungi. You got to be able to provide widespread value and function to spread like that with success (think Oracle.)
This is old news...