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Archived CRP News
CRP in the News
January 2007
Capital Resource Partners completed the
sale of its investment in Ardence, Inc. to Citrix Systems, Inc.
In January 2007, Capital Resource Partners completed the sale of its
investment in Ardence, Inc. to Citrix Systems, Inc. Ardence is a leading
provider of solutions that enable IT administrators to provision PCs,
servers, and web services on-demand from a centrally managed source.
Ardence’s
software enables institutions to reduce their operating costs associated
with supporting large desktop networks.
In 2005, CRP-V invested $10.0 million in Ardence as part of a recapitalization
financing. Since the original financing, Ardence has substantially increased
its virtualization revenue and profitability. www.ardence.com