From InfoWorld: Citrix Systems has decided to spin off its GoTo collaboration products business into a new company, to focus on its core business in the secure delivery of apps and data.
The mobile workspaces company expects to completely separate the GoTo business, consisting of products like GoToMeeting, GoToAssist, GoToWebinar, OpenVoice, Grasshopper and GoToMyPC, into a separate publicly traded company by the second half of next year.
For the trailing twelve months ended Sept. 30, unaudited revenue from the GoTo products and services was about $600 million.
The initial results of Citrix's operations review, which were announced Tuesday, also involves a "realignment of resources" that is expected to eliminate about 1,000 full-time and contract roles, over and above the effect of spinning off the GoTo business. Most of the layoffs and refocusing of resources are expected in November and in January 2016.
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