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