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DiggMicrosoft Corp.'s [MSFT] latest acquisition amounts to a quick exit for Greylock Partners and Lightspeed Venture Partners. The Redmond, Wash.-based giant, as part of a new push into virtualization, said Monday it would acquire Calista Technologies Inc., a 35-employee, San Jose, Calif.-based maker of desktop virtualization software
It was founded in 2006 and isn't scheduled to ship its first products until later this year, according to its Web site. Calista got a round of undisclosed size from Greylock and Lightspeed in 2006. The company also received $1 million from venture lending firm Western Technology Investment of San Jose.
Microsoft said the deal will enable remote workers to get a full-performance, media-rich Windows experience without the need for top-of-the-line computer hardware. The company also announced an expanded relationship with virtualization specialist Citrix Systems Inc. [CTXS], a big rival to virtualization star VMWare Inc. [VMW]
The Calista news apparently was set for release today, but spilled out Monday after Forbes reportedly broke the embargo. -- Olaf de Senerpont Domis
See Jan. 21 press release
See September 2007 story from TheDeal.com
For more, see All About Microsoft
