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Citrix Systems

April 18, 2024

Not to be confused with Cyrix.

Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. Citrix products were claimed to be in use by over 400,000 clients worldwide, including 99% of the Fortune 100, and 98% of the Fortune 500.[2]

Citrix Systems, Inc.
Headquarters in Fort Lauderdale, Florida
Company typeSubsidiary
Nasdaq: CTXS (1995–2022)
Industry
Founded1989; 35 years ago (1989) in Richardson, Texas, U.S.
FounderEd Iacobucci
Headquarters
Fort Lauderdale, Florida, U.S.
Area served
Worldwide
Key people
Tom Krause
(CEO)
ProductsApplication Delivery Industry, Virtualization software (DaaS), SaaS, cloud, and networking
Revenue US$3.22 billion (2021)
US$237 million (2021)
US$307 million (2021)
Total assets US$6.98 billion (2021)
Total equity US$547 million (2021)
Number of employees
9,700 (December 2021)
ParentCloud Software Group
Websitecitrix.com
Footnotes / references
[1]

Citrix was founded in Richardson, Texas, in 1989 by Ed Iacobucci, who served as chairman until his departure in 2000. It began by developing remote access products for Microsoft operating systems, licensing source code from Microsoft, and has been in partnership with microsoft throughout its history. By the 1990s, Citrix became an industry leader in thin client technology, enabling purpose-built devices to access remote servers and resources. The company launched its first initial public offering in 1995 and, with few competitors, experienced significant revenue increases between 1995 and 1999.

Citrix acquired Sequoia Software Corp. in 2001 and ExpertCity, a provider of remote desktop products, in 2003. This was followed by more than a dozen other acquisitions from 2005 to 2012, which allowed Citrix to expand into the server and desktop virtualization, cloud computing, infrastructure as a service, and software as a service markets. In 2014, Citrix acquired Framehawk and used its technology to improve the delivery of virtual desktops and applications over wireless networks. In 2016, as part of a US$1.8 billion product deal with LogMeIn, Citrix spun off the GoTo product line into a new business entity, entitled GetGo. In 2017, Citrix completed the merger of GetGo with LogMeIn's products.

Citrix is headquartered in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, and additional development centers in Canada, Denmark, Germany, India, and the United Kingdom. In 2021, Citrix generated $3.2 billion in revenue and had 9,700 employees.[1]

Following the completion of the acquisition by Vista Equity Partners and Evergreen Coast Capital Corp on September 30, 2022, Citrix merged with TIBCO Software under the newly formed Cloud Software Group.[3] Citrix spun off the re-branded Citrix ADC back into a standalone entity NetScaler under the same parent.[4]

History edit

Early history edit

 
Original Citrix logo until September 14, 2020

Citrix was founded in Richardson, Texas, in 1989 by former IBM developer Ed Iacobucci with $3 million in funding.[5] Following its initial setup and development, Iacobucci moved the company to his former home in Coral Springs, Florida.[5] The company's first employees were five other engineers from IBM that Iacobucci convinced to join his team. Iacobucci served as chairman of the company, and Roger Roberts became the CEO of Citrix in 1990.[5][6][7] Citrix was originally named Citrus but changed its name after an existing company claimed trademark rights.[8] The Citrix name is a portmanteau of Citrus and UNIX.[9]

The company's first product was Citrix Multiuser, an extension of OS/2 developed over two years. Citrix licensed the OS/2 source code from Microsoft,[5][6][10] and developed its own Independent Computing Architecture (ICA) protocol for Citrix Multiuser.[citation needed] Multiuser allowed multiple users working on separate computers to remotely access software on a server, even from computers that are not built to run OS/2.[10][11] Three days before the product launched in 1991, Microsoft announced they would be switching from OS/2 to Windows. The switch made Multiuser nearly unusable without significant changes to make it compatible with Windows or DOS. The company discussed closing in 1991, but investments from Intel, Microsoft, and Kleiner Perkins Caufield & Byers, among others, allowed the company to work on a new version of Multiuser.[5][6]

Multi-Win version 2.0 was released in 1992. It was compatible with DOS applications and allowed up to five users.[12] In 1993, Citrix released a new remote applications server, WinView, which could run DOS and Windows applications.[13] By 1994, the company's yearly revenue equaled $10 million.[5]

The company launched WinFrame, a multi-user operating system based on Microsoft's Windows NT, in 1995.[5] This new product allowed up to 15 users and was the first thin client for Windows.[14][15]

Rise in popularity edit

Citrix had its initial public offering in December 1995.[16] The company's share price doubled from $15 to $30.[5] During the mid-1990s, Citrix became the leader of its growing industry with very few competitors, and the company's revenues doubled year over year between 1995 and 1999.[6]

After weeks of discussions, Iacobucci persuaded Microsoft to agree to license Citrix technology for Windows NT Server 4.0, resulting in Windows Terminal Server Edition in 1998.[6][7][17] This agreement allowed Citrix to keep its position in the marketplace and be NT 4.0 compatible.[11] Citrix also earned $75 million through the agreement and a royalty arrangement valued at approximately $100 million.[11][16]

Citrix released MetaFrame 1.0 in conjunction with Terminal Server Edition. Due to weaknesses in Microsoft's Remote Desktop Protocol (RDP), Terminal Server Edition worked best using the ICA protocol developed by Citrix and found in MetaFrame. This meant that Citrix technology was purchased and installed on most machines running Terminal Server Edition.[7][17]

In 1997, the company opened a new headquarters in Fort Lauderdale, Florida. It also opened offices in Sydney, London and Paris that same year.[16]

In 1998, Mark Templeton became the CEO of Citrix after serving as vice president of marketing.[16] Also in 1998, it licensed its ICA protocol to IBM and Key Tronics.[5] Citrix licensed its ICA protocol to Motorola for use in digital wireless handsets in 1999.[6]

During 1999, the thin-client model Citrix used became a software trend, and the company's customers increased to 15 million.[5] Major clients included Sears, AT&T, and Chevron.[7][11] A sudden drop in stocks in 2000 led to Iacobucci leaving the company and CEO Mark Templeton being demoted to the president and senior executive officer. Templeton was later reinstated in 2001.[16][18]

Expansion edit

 
Citrix Systems branch office in Santa Clara, California
 
Citrix System headquarters 1991–1997

In 2001 Citrix acquired Sequoia Software Corp. for $185 million.[5] That same year it released MetaFrame XP, a new platform using MetaFrame technology.[19] This was later rebranded by Citrix to Presentation Server, in 2005.[20]

On July 9, 2002, Citrix announced a 10% job cut. At the time, the company employed about 1,900 workers. After the announcement, the stock hit a five-year low.[21]

Citrix acquired ExpertCity, a provider of remote desktop products, in December 2003, for $225 million in cash and stock. The acquisition was the largest for the company up to that date.[22] Through the acquisition, Citrix gained ExpertCity's existing products GoToMyPC and GoToAssist, and ExpertCity became the Citrix Online division.[22][23] In 2004, the company introduced Citrix GoToMeeting.[16]

Between 2005 and 2012, the company acquired over a dozen companies, allowing it to expand into new markets. Citrix acquired acceleration hardware maker NetScaler in 2005, which allowed the company to offer optimized application delivery.[24] The company entered the server and desktop virtualization market with the purchase of XenSource in August 2007.[25] Citrix expanded its cloud and Infrastructure as a Service (IaaS) offerings in August 2010, with the acquisition of VMLogix.[26] In February 2011, Citrix entered the European Software as a Service (SaaS) market with the acquisition of Netviewer.[27][28]

In 2007, the company opened a headquarters in Silicon Valley.[16] In 2008, the company changed the name of its Presentation Server product line to XenApp.[29] Also in 2008, Citrix announced an expanded alliance with Microsoft on desktop virtualization.[16] On January 29, 2009, Citrix announced that 460 employee positions would be cut, comprising 10% of its workforce.[30] In August 2010, Citrix announced a partnership with Google to bring the company's products to ChromeOS devices.[31][32] On July 14, 2015, Citrix added full support for Windows 10 to its desktop virtualization products.[33]

The company became a leader in IaaS after acquiring Cloud.com, a provider of cloud infrastructure for companies, in July 2011.[34] Citrix began offering VDI-in-a-box to small and medium businesses with the acquisition of Kaviza in May 2011.[35] The company acquired technology for cloud-based file sharing and storage through its purchase of ShareFile in October 2011.[36]

In May 2012, Citrix acquired Virtual Computer, a maker of intelligent desktop virtualization. The technology is used in the company's XenClient Enterprise edition.[37] Citrix entered the mobile video and telecom markets in June 2012 when the company acquired ByteMobile.[38] Also in 2012, the company acquired Zenprise. Zenprise's Mobile application management (MAM) technology was released as XenMobile in February 2013.[39]

Citrix acquired Framehawk in January 2014 to use the company's technology to improve the delivery of virtual desktops and applications over wireless networks, including cellular, where speed and quality may be poor.[40] In May 2014, Citrix acquired Scalextreme,[41] to bolster its cloud capabilities, such as auto scaling, patching, and automation of complex cloud deployments, for its core business units XenDesktop and Xenapp.

On January 29, 2015, Citrix announced that 700 full-time and 200 contractor positions would be eliminated.[42] This constituted about 10% of its workforce. The cuts were expected to save between $90 and $100 million annually. Two hundred of the layoffs occurred in Fort Lauderdale, Florida, where the company is headquartered.[43]

The company had 10,081 employees as of February 2015.[44] In December 2015, Citrix employed approximately 9,500 people but noted that its November restructure was due to eliminating nearly 700 full-time jobs.[45] As of December 31, 2021, Citrix had approximately 9,700 employees.[1]

Recent history edit

Citrix reported a net income of $251.7 million in 2014, down from $339.5 million in 2013.[46] In July 2015, the company announced several changes to its board of directors, including Robert Calderoni becoming executive chairman and adding Jesse Cohn as a senior partner of activist hedge fund Elliott Management.[47] That same month the company announced that president, and CEO Mark Templeton, would retire after a replacement was found.[48]On October 21, the company named its executive chairman, Robert Calderoni, as interim president and CEO.[49]

In January 2016, Kirill Tatarinov, a former Microsoft executive, was named the president and CEO of Citrix and joined the company's board. Calderoni remained executive chairman of the board.[50]

In July 2016, as part of a deal with Boston-based SaaS company LogMeIn, Citrix announced it had spun off its GoTo product line, which included GoToMeeting, GoToWebinar, GoToWebcast, GoToTraining, GoToAssist and GoToMyPC, into a wholly owned subsidiary called GetGo.[51] In February 2017, Citrix completed a merger through which GetGo became a subsidiary of LogMeIn. The transaction was valued at approximately $1.8 billion.[52] David Henshall became the company's CEO in July 2017.[53]

Also, in 2017, Citrix expanded its partnership with Google. In May, Google announced it would add support to run Citrix XenApp on its Chrome web browser, including graphics processing unit acceleration.[54] In July, the companies announced they were working to allow Citrix Cloud to deploy virtualized apps and desktops on Google Cloud.[55]

In October 2017, Citrix told regulators of plans to lay off staff "across most functions" and consolidate offices in the fall of 2017 into 2018.[56] The company carried out layoffs in Raleigh, North Carolina, and office closures in Santa Barbara, California, and Tempe, Arizona.[57][58]

Citrix unveiled its Citrix Analytics security software at the 2017 Citrix Synergy conference in Orlando, Florida, in May 2017.[59] The software detects and responds to security threats using artificial intelligence.[60]

Citrix then unveiled Citrix Analytics for Performance at the 2019 Citrix Summit conference in Orlando, Florida, in May 2019. The software quantifies User experience for Virtual applications and desktop users, and leverages machine learning to troubleshoot performance issues.

In 2018, Citrix changed the names of some of its products to represent its shift to a cloud operating model.[61] The company stated that it made the name changes to present a unified product line so that end users can create, manage, and deploy workspaces with apps and data from a single console. The company dropped its Xen and NetScaler brand names: XenApp and XenDesktop became Citrix Virtual Apps and Desktops; XenMobile became Citrix Endpoint Management; ShareFile integration became Citrix Content Collaboration; XenServer became Citrix Hypervisor; Cedexis became Citrix Intelligent Traffic Management; and NetScaler products kept their identities, yet the "NetScaler" brand name was replaced with "Citrix ADC" for Application Delivery Controller.[62]

Henshall stepped down in October 2021, and Calderoni was again named interim CEO.[63]

In July 2022, Citrix announced that Tom Krause would succeed Robert Calderoni as CEO of the company following its merger with TIBCO software.[64] In September 2022, Citrix announced a $4.55 billion-equivalent cross-border term loan to back Vista Equity and Evergreen Coast Capital's $16.5 billion buyout of Citrix and merger with Vista portfolio company TIBCO Software to form Cloud Software Group (CSG).[65][3] Following the merge, Citrix Hypervisor product split from Citrix making it a standalone business under CSG and rechristened as XenServer.[66]

Operations edit

A ten-member board of directors governs Citrix.[67] Citrix has headquarters in Fort Lauderdale, Florida, with two more US based offices in California and North Carolina.[68][69] Citrix has research and development centers located in the U.S., Australia, India, Japan, Greece,[70][71] and the United Kingdom.[72]

Citrix licenses its services and products directly to clients, including IT professionals, SMEs, and through companies called value-added resellers, that resell the products and services after adding additional features.

Citrix was publicly traded under the ticker symbol CTXS.[73] In 2020, the company ranked 779 on the Fortune 1000 and 1,267 on Forbes Global 2000.[74][75] In 2019, Citrix generated $3.01 billion in revenue.[76]

On January 31, 2022, it was announced that Citrix had been acquired in a $16.5 billion deal by affiliates of Vista Equity Partners and Evergreen Coast Capital. The all-cash acquisition will see Citrix merge with TIBCO, a Vista portfolio company. It has already been reported that Citrix will go private through this deal.[77][78]

Acquisitions edit

Main article: List of mergers and acquisitions by Citrix

Citrix has expanded and added new products, technologies, and services through several acquisitions.[49] Its first acquisition was DataPac in 1997, which Citrix purchased in order to utilize DataPac's technology and its position in the Asia-Pacific region.[79][80][81] Other major acquisitions include ExpertCity in 2004, NetScaler in 2005, XenSource in 2007 and ShareFile in 2011. As of 2015, Citrix has acquired nearly 50 companies.[82]

In November 2018, Citrix paid $200 million to acquire Sapho, a software startup that develops micro apps for workers.[83] In January 2021, Citrix announced its intention to acquire Wrike for $2.25 billion.[84] The acquisition was completed in March 2021.[85]

Products edit

Citrix creates software that allows the individuals of an enterprise to work and collaborate remotely regardless of device or network. The main areas the company works in are desktop software, Desktop as a Service (DaaS) systems, networking, cloud, and Software as a service (SaaS).[86][87]

Desktops and apps edit

Citrix offers several products related to desktop and application virtualization. These tools allow access to computers and applications independently of what device they are physically using, from any device.[88] Citrix XenApp, now integrated as part of XenDesktop, provides application virtualization. Citrix XenDesktop, Citrix VDI-in-a-Box and XenClient all provide desktop virtualization.[89][90] The DesktopPlayer for Mac allows online and offline access to Windows virtual desktops from Macs.[91] Citrix Workspace Cloud is a platform for building and delivering desktops and applications from the cloud.[92] ShareFile allows companies and organizations to sync and share files.[93] XenMobile offers mobile app and device management. Citrix Receiver is a client software that allows universal access to virtual applications and desktops. AppDNA offers software that provides application migration and management.[89] Citrix users interact with the HDX protocol on top of the RDS. This protocol acts as a buffer between the users and the server, compressing data in the meantime.

Desktop as a service (DaaS) edit

Citrix technology enables service providers to provide Desktop as a Service (DaaS) offerings to their customers, including business apps and desktops.[86] These products include Worx Mobile Apps for secure email, browser, and document sharing,[94] and Citrix Workspace Suite for mobile workspaces.[95]

Networking and cloud edit

Citrix products related to cloud computing and networking include Citrix XenServer for server virtualization[90][96] and its NetScaler brand of network appliances, including WAN optimization devices, Software-Defined WAN delivery equipment, Application Delivery Controllers (ADC), Gateways, and AppFirewall web application firewalls.[87] All of these are managed by their cloud management software, Citrix Cloud. The company also has ByteMobile Adaptive Traffic Management, which aims to optimize mobile video services through traffic management, policy control and caching. ByteMobile Insight provides mobile data and subscriber analytics.[97][98]

Software as a service (SaaS) edit

Citrix software as a service (SaaS) products are focused on collaboration and communications. The offerings include Podio, a cloud-based collaboration service, and OpenVoice, which provides audio conferencing.[90][93]

Corporate responsibility edit

The company's philanthropic activities include corporate giving—such as corporate donations of in-kind gifts—and employee match programs.[99][100] In addition, Citrix employees are allowed to take two paid volunteer days each year and participate in the company's annual "Global Day of Impact"—an event that encourages Citrix employees to volunteer in their local communities.[101][102][103]

Citrix has provided business training to non-profit teams near its Fort Lauderdale headquarters. In particular, the company helped a local non-profit organization launch a computer on wheels to offer training to low-income neighborhoods. In 2007, the company connected a Broward County, Florida, area with Agogo, Ghana, through donated technology and training.[104] Furthermore, the company's Raleigh office began a program called "Project Code" in 2014, which leads south from local Boys & Girls Clubs through coding exercises and teaches them about computer science.[105]

In addition to its philanthropic activities, Citrix has donated some of its open-source technology to non-profit software organizations to continue its development and gain more contributors. Citrix gave Cloudstack to the Apache Foundation in 2012 and Xen hypervisor to the Linux Foundation in 2013.[106][107]

See also edit

References edit

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Further reading edit

  • Keith Schultz (December 14, 2011) VDI shoot-out: Citrix XenDesktop vs. VMware View. Citrix XenDesktop 5.5 and VMware View 5 vie for the most flexible, scalable, and complete virtual desktop infrastructure, InfoWorld
  • Keith Schultz (December 14, 2011) VDI shoot-out: HDX vs. PCoIP. The differences between the Citrix and VMware remote desktop protocols are more than skin deep, InfoWorld
  • Colt Agar (January 19, 2018) Grasshopper Phone Review - Virtual Phone System for Entrepreneurs, TheTechReviewer.com

External links edit

  • Official website
    • Historical business data for Citrix Systems, Inc.:
    • SEC filings

April 18, 2024
citrix, systems, this, article, require, copy, editing, grammar, style, cohesion, tone, spelling, assist, editing, january, 2023, learn, when, remove, this, template, message, confused, with, cyrix, american, multinational, cloud, computing, virtualization, te. This article may require copy editing for grammar style cohesion tone or spelling You can assist by editing it January 2023 Learn how and when to remove this template message Not to be confused with Cyrix Citrix Systems Inc is an American multinational cloud computing and virtualization technology company that provides server application and desktop virtualization networking software as a service SaaS and cloud computing technologies Citrix products were claimed to be in use by over 400 000 clients worldwide including 99 of the Fortune 100 and 98 of the Fortune 500 2 Citrix Systems Inc Headquarters in Fort Lauderdale FloridaCompany typeSubsidiaryTraded asNasdaq CTXS 1995 2022 IndustryCloud computingVirtualizationComputer softwareFounded1989 35 years ago 1989 in Richardson Texas U S FounderEd IacobucciHeadquartersFort Lauderdale Florida U S Area servedWorldwideKey peopleTom Krause CEO ProductsApplication Delivery Industry Virtualization software DaaS SaaS cloud and networkingRevenueUS 3 22 billion 2021 Operating incomeUS 237 million 2021 Net incomeUS 307 million 2021 Total assetsUS 6 98 billion 2021 Total equityUS 547 million 2021 Number of employees9 700 December 2021 ParentCloud Software GroupWebsitecitrix wbr comFootnotes references 1 Citrix was founded in Richardson Texas in 1989 by Ed Iacobucci who served as chairman until his departure in 2000 It began by developing remote access products for Microsoft operating systems licensing source code from Microsoft and has been in partnership with microsoft throughout its history By the 1990s Citrix became an industry leader in thin client technology enabling purpose built devices to access remote servers and resources The company launched its first initial public offering in 1995 and with few competitors experienced significant revenue increases between 1995 and 1999 Citrix acquired Sequoia Software Corp in 2001 and ExpertCity a provider of remote desktop products in 2003 This was followed by more than a dozen other acquisitions from 2005 to 2012 which allowed Citrix to expand into the server and desktop virtualization cloud computing infrastructure as a service and software as a service markets In 2014 Citrix acquired Framehawk and used its technology to improve the delivery of virtual desktops and applications over wireless networks In 2016 as part of a US 1 8 billion product deal with LogMeIn Citrix spun off the GoTo product line into a new business entity entitled GetGo In 2017 Citrix completed the merger of GetGo with LogMeIn s products Citrix is headquartered in Fort Lauderdale Florida with subsidiary operations in California and Massachusetts and additional development centers in Canada Denmark Germany India and the United Kingdom In 2021 Citrix generated 3 2 billion in revenue and had 9 700 employees 1 Following the completion of the acquisition by Vista Equity Partners and Evergreen Coast Capital Corp on September 30 2022 Citrix merged with TIBCO Software under the newly formed Cloud Software Group 3 Citrix spun off the re branded Citrix ADC back into a standalone entity NetScaler under the same parent 4 Contents 1 History 1 1 Early history 1 2 Rise in popularity 1 3 Expansion 1 4 Recent history 2 Operations 3 Acquisitions 4 Products 4 1 Desktops and apps 4 2 Desktop as a service DaaS 4 3 Networking and cloud 4 4 Software as a service SaaS 5 Corporate responsibility 6 See also 7 References 8 Further reading 9 External linksHistory editEarly history edit nbsp Original Citrix logo until September 14 2020 Citrix was founded in Richardson Texas in 1989 by former IBM developer Ed Iacobucci with 3 million in funding 5 Following its initial setup and development Iacobucci moved the company to his former home in Coral Springs Florida 5 The company s first employees were five other engineers from IBM that Iacobucci convinced to join his team Iacobucci served as chairman of the company and Roger Roberts became the CEO of Citrix in 1990 5 6 7 Citrix was originally named Citrus but changed its name after an existing company claimed trademark rights 8 The Citrix name is a portmanteau of Citrus and UNIX 9 The company s first product was Citrix Multiuser an extension of OS 2 developed over two years Citrix licensed the OS 2 source code from Microsoft 5 6 10 and developed its own Independent Computing Architecture ICA protocol for Citrix Multiuser citation needed Multiuser allowed multiple users working on separate computers to remotely access software on a server even from computers that are not built to run OS 2 10 11 Three days before the product launched in 1991 Microsoft announced they would be switching from OS 2 to Windows The switch made Multiuser nearly unusable without significant changes to make it compatible with Windows or DOS The company discussed closing in 1991 but investments from Intel Microsoft and Kleiner Perkins Caufield amp Byers among others allowed the company to work on a new version of Multiuser 5 6 Multi Win version 2 0 was released in 1992 It was compatible with DOS applications and allowed up to five users 12 In 1993 Citrix released a new remote applications server WinView which could run DOS and Windows applications 13 By 1994 the company s yearly revenue equaled 10 million 5 The company launched WinFrame a multi user operating system based on Microsoft s Windows NT in 1995 5 This new product allowed up to 15 users and was the first thin client for Windows 14 15 Rise in popularity edit Citrix had its initial public offering in December 1995 16 The company s share price doubled from 15 to 30 5 During the mid 1990s Citrix became the leader of its growing industry with very few competitors and the company s revenues doubled year over year between 1995 and 1999 6 After weeks of discussions Iacobucci persuaded Microsoft to agree to license Citrix technology for Windows NT Server 4 0 resulting in Windows Terminal Server Edition in 1998 6 7 17 This agreement allowed Citrix to keep its position in the marketplace and be NT 4 0 compatible 11 Citrix also earned 75 million through the agreement and a royalty arrangement valued at approximately 100 million 11 16 Citrix released MetaFrame 1 0 in conjunction with Terminal Server Edition Due to weaknesses in Microsoft s Remote Desktop Protocol RDP Terminal Server Edition worked best using the ICA protocol developed by Citrix and found in MetaFrame This meant that Citrix technology was purchased and installed on most machines running Terminal Server Edition 7 17 In 1997 the company opened a new headquarters in Fort Lauderdale Florida It also opened offices in Sydney London and Paris that same year 16 In 1998 Mark Templeton became the CEO of Citrix after serving as vice president of marketing 16 Also in 1998 it licensed its ICA protocol to IBM and Key Tronics 5 Citrix licensed its ICA protocol to Motorola for use in digital wireless handsets in 1999 6 During 1999 the thin client model Citrix used became a software trend and the company s customers increased to 15 million 5 Major clients included Sears AT amp T and Chevron 7 11 A sudden drop in stocks in 2000 led to Iacobucci leaving the company and CEO Mark Templeton being demoted to the president and senior executive officer Templeton was later reinstated in 2001 16 18 Expansion edit nbsp Citrix Systems branch office in Santa Clara California nbsp Citrix System headquarters 1991 1997 In 2001 Citrix acquired Sequoia Software Corp for 185 million 5 That same year it released MetaFrame XP a new platform using MetaFrame technology 19 This was later rebranded by Citrix to Presentation Server in 2005 20 On July 9 2002 Citrix announced a 10 job cut At the time the company employed about 1 900 workers After the announcement the stock hit a five year low 21 Citrix acquired ExpertCity a provider of remote desktop products in December 2003 for 225 million in cash and stock The acquisition was the largest for the company up to that date 22 Through the acquisition Citrix gained ExpertCity s existing products GoToMyPC and GoToAssist and ExpertCity became the Citrix Online division 22 23 In 2004 the company introduced Citrix GoToMeeting 16 Between 2005 and 2012 the company acquired over a dozen companies allowing it to expand into new markets Citrix acquired acceleration hardware maker NetScaler in 2005 which allowed the company to offer optimized application delivery 24 The company entered the server and desktop virtualization market with the purchase of XenSource in August 2007 25 Citrix expanded its cloud and Infrastructure as a Service IaaS offerings in August 2010 with the acquisition of VMLogix 26 In February 2011 Citrix entered the European Software as a Service SaaS market with the acquisition of Netviewer 27 28 In 2007 the company opened a headquarters in Silicon Valley 16 In 2008 the company changed the name of its Presentation Server product line to XenApp 29 Also in 2008 Citrix announced an expanded alliance with Microsoft on desktop virtualization 16 On January 29 2009 Citrix announced that 460 employee positions would be cut comprising 10 of its workforce 30 In August 2010 Citrix announced a partnership with Google to bring the company s products to ChromeOS devices 31 32 On July 14 2015 Citrix added full support for Windows 10 to its desktop virtualization products 33 The company became a leader in IaaS after acquiring Cloud com a provider of cloud infrastructure for companies in July 2011 34 Citrix began offering VDI in a box to small and medium businesses with the acquisition of Kaviza in May 2011 35 The company acquired technology for cloud based file sharing and storage through its purchase of ShareFile in October 2011 36 In May 2012 Citrix acquired Virtual Computer a maker of intelligent desktop virtualization The technology is used in the company s XenClient Enterprise edition 37 Citrix entered the mobile video and telecom markets in June 2012 when the company acquired ByteMobile 38 Also in 2012 the company acquired Zenprise Zenprise s Mobile application management MAM technology was released as XenMobile in February 2013 39 Citrix acquired Framehawk in January 2014 to use the company s technology to improve the delivery of virtual desktops and applications over wireless networks including cellular where speed and quality may be poor 40 In May 2014 Citrix acquired Scalextreme 41 to bolster its cloud capabilities such as auto scaling patching and automation of complex cloud deployments for its core business units XenDesktop and Xenapp On January 29 2015 Citrix announced that 700 full time and 200 contractor positions would be eliminated 42 This constituted about 10 of its workforce The cuts were expected to save between 90 and 100 million annually Two hundred of the layoffs occurred in Fort Lauderdale Florida where the company is headquartered 43 The company had 10 081 employees as of February 2015 44 In December 2015 Citrix employed approximately 9 500 people but noted that its November restructure was due to eliminating nearly 700 full time jobs 45 As of December 31 2021 Citrix had approximately 9 700 employees 1 Recent history edit Citrix reported a net income of 251 7 million in 2014 down from 339 5 million in 2013 46 In July 2015 the company announced several changes to its board of directors including Robert Calderoni becoming executive chairman and adding Jesse Cohn as a senior partner of activist hedge fund Elliott Management 47 That same month the company announced that president and CEO Mark Templeton would retire after a replacement was found 48 On October 21 the company named its executive chairman Robert Calderoni as interim president and CEO 49 In January 2016 Kirill Tatarinov a former Microsoft executive was named the president and CEO of Citrix and joined the company s board Calderoni remained executive chairman of the board 50 In July 2016 as part of a deal with Boston based SaaS company LogMeIn Citrix announced it had spun off its GoTo product line which included GoToMeeting GoToWebinar GoToWebcast GoToTraining GoToAssist and GoToMyPC into a wholly owned subsidiary called GetGo 51 In February 2017 Citrix completed a merger through which GetGo became a subsidiary of LogMeIn The transaction was valued at approximately 1 8 billion 52 David Henshall became the company s CEO in July 2017 53 Also in 2017 Citrix expanded its partnership with Google In May Google announced it would add support to run Citrix XenApp on its Chrome web browser including graphics processing unit acceleration 54 In July the companies announced they were working to allow Citrix Cloud to deploy virtualized apps and desktops on Google Cloud 55 In October 2017 Citrix told regulators of plans to lay off staff across most functions and consolidate offices in the fall of 2017 into 2018 56 The company carried out layoffs in Raleigh North Carolina and office closures in Santa Barbara California and Tempe Arizona 57 58 Citrix unveiled its Citrix Analytics security software at the 2017 Citrix Synergy conference in Orlando Florida in May 2017 59 The software detects and responds to security threats using artificial intelligence 60 Citrix then unveiled Citrix Analytics for Performance at the 2019 Citrix Summit conference in Orlando Florida in May 2019 The software quantifies User experience for Virtual applications and desktop users and leverages machine learning to troubleshoot performance issues In 2018 Citrix changed the names of some of its products to represent its shift to a cloud operating model 61 The company stated that it made the name changes to present a unified product line so that end users can create manage and deploy workspaces with apps and data from a single console The company dropped its Xen and NetScaler brand names XenApp and XenDesktop became Citrix Virtual Apps and Desktops XenMobile became Citrix Endpoint Management ShareFile integration became Citrix Content Collaboration XenServer became Citrix Hypervisor Cedexis became Citrix Intelligent Traffic Management and NetScaler products kept their identities yet the NetScaler brand name was replaced with Citrix ADC for Application Delivery Controller 62 Henshall stepped down in October 2021 and Calderoni was again named interim CEO 63 In July 2022 Citrix announced that Tom Krause would succeed Robert Calderoni as CEO of the company following its merger with TIBCO software 64 In September 2022 Citrix announced a 4 55 billion equivalent cross border term loan to back Vista Equity and Evergreen Coast Capital s 16 5 billion buyout of Citrix and merger with Vista portfolio company TIBCO Software to form Cloud Software Group CSG 65 3 Following the merge Citrix Hypervisor product split from Citrix making it a standalone business under CSG and rechristened as XenServer 66 Operations editA ten member board of directors governs Citrix 67 Citrix has headquarters in Fort Lauderdale Florida with two more US based offices in California and North Carolina 68 69 Citrix has research and development centers located in the U S Australia India Japan Greece 70 71 and the United Kingdom 72 Citrix licenses its services and products directly to clients including IT professionals SMEs and through companies called value added resellers that resell the products and services after adding additional features Citrix was publicly traded under the ticker symbol CTXS 73 In 2020 the company ranked 779 on the Fortune 1000 and 1 267 on Forbes Global 2000 74 75 In 2019 Citrix generated 3 01 billion in revenue 76 On January 31 2022 it was announced that Citrix had been acquired in a 16 5 billion deal by affiliates of Vista Equity Partners and Evergreen Coast Capital The all cash acquisition will see Citrix merge with TIBCO a Vista portfolio company It has already been reported that Citrix will go private through this deal 77 78 Acquisitions editMain article List of mergers and acquisitions by Citrix Citrix has expanded and added new products technologies and services through several acquisitions 49 Its first acquisition was DataPac in 1997 which Citrix purchased in order to utilize DataPac s technology and its position in the Asia Pacific region 79 80 81 Other major acquisitions include ExpertCity in 2004 NetScaler in 2005 XenSource in 2007 and ShareFile in 2011 As of 2015 Citrix has acquired nearly 50 companies 82 In November 2018 Citrix paid 200 million to acquire Sapho a software startup that develops micro apps for workers 83 In January 2021 Citrix announced its intention to acquire Wrike for 2 25 billion 84 The acquisition was completed in March 2021 85 Products editCitrix creates software that allows the individuals of an enterprise to work and collaborate remotely regardless of device or network The main areas the company works in are desktop software Desktop as a Service DaaS systems networking cloud and Software as a service SaaS 86 87 Desktops and apps edit Citrix offers several products related to desktop and application virtualization These tools allow access to computers and applications independently of what device they are physically using from any device 88 Citrix XenApp now integrated as part of XenDesktop provides application virtualization Citrix XenDesktop Citrix VDI in a Box and XenClient all provide desktop virtualization 89 90 The DesktopPlayer for Mac allows online and offline access to Windows virtual desktops from Macs 91 Citrix Workspace Cloud is a platform for building and delivering desktops and applications from the cloud 92 ShareFile allows companies and organizations to sync and share files 93 XenMobile offers mobile app and device management Citrix Receiver is a client software that allows universal access to virtual applications and desktops AppDNA offers software that provides application migration and management 89 Citrix users interact with the HDX protocol on top of the RDS This protocol acts as a buffer between the users and the server compressing data in the meantime Desktop as a service DaaS edit Citrix technology enables service providers to provide Desktop as a Service DaaS offerings to their customers including business apps and desktops 86 These products include Worx Mobile Apps for secure email browser and document sharing 94 and Citrix Workspace Suite for mobile workspaces 95 Networking and cloud edit Citrix products related to cloud computing and networking include Citrix XenServer for server virtualization 90 96 and its NetScaler brand of network appliances including WAN optimization devices Software Defined WAN delivery equipment Application Delivery Controllers ADC Gateways and AppFirewall web application firewalls 87 All of these are managed by their cloud management software Citrix Cloud The company also has ByteMobile Adaptive Traffic Management which aims to optimize mobile video services through traffic management policy control and caching ByteMobile Insight provides mobile data and subscriber analytics 97 98 Software as a service SaaS edit Citrix software as a service SaaS products are focused on collaboration and communications The offerings include Podio a cloud based collaboration service and OpenVoice which provides audio conferencing 90 93 Corporate responsibility editThe company s philanthropic activities include corporate giving such as corporate donations of in kind gifts and employee match programs 99 100 In addition Citrix employees are allowed to take two paid volunteer days each year and participate in the company s annual Global Day of Impact an event that encourages Citrix employees to volunteer in their local communities 101 102 103 Citrix has provided business training to non profit teams near its Fort Lauderdale headquarters In particular the company helped a local non profit organization launch a computer on wheels to offer training to low income neighborhoods In 2007 the company connected a Broward County Florida area with Agogo Ghana through donated technology and training 104 Furthermore the company s Raleigh office began a program called Project Code in 2014 which leads south from local Boys amp Girls Clubs through coding exercises and teaches them about computer science 105 In addition to its philanthropic activities Citrix has donated some of its open source technology to non profit software organizations to continue its development and gain more contributors Citrix gave Cloudstack to the Apache Foundation in 2012 and Xen hypervisor to the Linux Foundation in 2013 106 107 See also editNirvana PhoneReferences edit a b c Citrix 2021 Annual Report Form 10 K U S Securities and Exchange Commission 16 February 2022 Citrix Announces New Chief Revenue Officer to Lead Global Sales and Services Citrix com 2017 09 21 Archived from the original on 2018 03 22 a b Millward Wade Tyler 2022 09 30 Citrix Tibco Close 17B Deal Uniting Virtualization And Enterprise Apps Vendors CRN Sharwood Simon 2020 10 04 NetScaler reclaims identity after Citrix Tibco merge as Cloud Software Group The Register a b c d e f g h i j k NetIndustries 2002 Citrix Systems Inc Company Profile Information Business Description History Background Information on Citrix Systems Inc NetIndustries Archived from the original on 2011 05 20 a b c d e f Lisa Gibbs July 1 1999 Inside Ed s Head Florida Trend Archived from the original on 2 April 2015 Retrieved 4 February 2015 a b c d Jim Freer June 23 1997 Citrix rebounds after a close call with Bill Gates South Florida Business Journal Archived from the original on 1 February 2009 Retrieved 4 February 2015 Yoni Heisler In Pictures How 41 tech companies got their names PC World Australia Archived from the original on 2 April 2015 Retrieved 26 March 2015 David E Y Sarna 2010 Implementing and Developing Cloud Computing Applications CRC Press p 154 ISBN 9781439830833 Retrieved 4 February 2015 a b Charles Lunan April 22 1991 Informal Attire Belies Citrix s Serious Aims Sun Sentinel Archived from the original on 2 April 2015 Retrieved 4 February 2015 a b c d Maney Kevin June 11 1997 Tiny tech firm does the unthinkable USA Today USA Today Joe Salemi Jun 16 1992 Citrix and Novell Update Their Multiuser Operating Systems PC Magazine Retrieved 4 February 2015 Nancy Durlester Laura Wonnacott Nicholas Petreley December 6 1993 Free associating our way through Citrix WinView server installation InfoWorld Retrieved 4 February 2015 Steve Rigney August 1996 Citrix s WinFrame Windows Anywhere PC Magazine Retrieved 4 February 2015 Definition of ICA pcmag com encyclopedia PC Magazine Archived from the original on 2 April 2015 Retrieved 4 February 2015 a b c d e f g h Citrix through the years A timeline The Miami Herald March 18 2012 a b WinFrame MetaFrame and Terminal Server The Difference Is ICA Enterprise Systems Journal July 15 1998 Archived from the original on 2 April 2015 Retrieved 4 February 2015 Adam Bryant September 22 2012 Paint by Numbers or Connect the Dots The New York Times Archived from the original on 2 April 2015 Retrieved 16 March 2015 Rick Vanover June 13 2001 Decision Support Should you upgrade to Citrix MetaFrame XP TechRepublic Archived from the original on 2 April 2015 Retrieved 4 February 2015 Paul Stansel October 19 2005 Citrix Access Suite 4 0 It s Not Your Daddy s MetaFrame VirtualizationAdmon com Archived from the original on 2 April 2015 Retrieved 4 February 2015 Citrix Shares Fall to 5 Year Low After Profit Warning Job Cuts Wall Street Journal 9 July 2002 Archived from the original on 2016 09 14 a b Steven Burke December 19 2003 Citrix Acquires Expertcity CRN Magazine Archived from the original on 14 January 2015 Retrieved 4 February 2015 Jack M Germain June 15 2009 Citrix Online Brings SMBs Into the Virtual Meeting Room E Commerce Times Archived from the original on 2 April 2015 Retrieved 4 February 2015 Stacy Cowley June 6 2005 Gaining speed Citrix buys NetScaler Network World Archived from the original on 14 March 2015 Retrieved 4 February 2015 Martin LaMonica August 15 2007 Citrix to buy virtualization company XenSource for 500 million CNET Archived from the original on 14 February 2015 Retrieved 4 February 2015 Ben Kepes August 30 2010 Citrix Buys VMLogix It s All About the Hybrid Cloud Gigaom Archived from the original on 10 March 2015 Retrieved 4 February 2015 Jenny Williams December 20 2010 Citrix acquires SaaS firm Netviewer to expand into Europe Computer Weekly Archived from the original on 2 April 2015 Retrieved 4 February 2015 Citrix Dives Deeper Into Cloud App Delivery With EMS Cortex Acquisition CRN Magazine February 22 2011 Archived from the original on 2 April 2015 Retrieved 4 February 2015 Ruben Spruijt January 28 2008 Citrix Presentation Server has left the building XenApp is the new name Brian Madden Archived from the original on 2 April 2015 Retrieved 4 February 2015 Morgan Timothy Citrix ejects 10 percent of staff theregister co uk The Register Archived from the original on 2017 08 10 Chris Fleck December 7 2010 Google Search Finds Citrix Receiver for Chrome Notebooks The Citrix Blog 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Business Journal Archived from the original on 2 April 2015 Retrieved 4 February 2015 Sarah Thomas June 7 2012 Citrix Acquires Bytemobile to Target Telcos Light Reading Archived from the original on 12 March 2015 Retrieved 4 February 2015 Elias Khnaser December 10 2012 With Zenprise Citrix Tightens End User Computing Strategy Virtualization Review Archived from the original on 2 April 2015 Retrieved 4 February 2015 Dan Kusnetzky January 8 2014 Citrix acquires Framehawk to extend virtual access to mobile devices ZDNet Archived from the original on 2 April 2015 Retrieved 4 February 2015 Citrix gets cloud management tech with the acquisition of ScaleXtreme May 7 2014 Archived from the original on November 16 2016 Retrieved March 21 2017 Katherine Noyes Citrix s 900 job cuts seen as defensive move PC World Archived from the original on 2015 02 06 Pounds Marcia Citrix lays off 200 Fort Lauderdale workers Sun Sentinel Archived from the original on 2015 02 06 Citrix February 19 2015 Form 10 K 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October 6 2021 Citrix names Bob Calderoni as interim CEO president ZDNet Retrieved October 14 2021 Scigliuzzo David Gurumurthy Gowri Amodeo Jeannine July 12 2022 Bank of America Starts Sounding Out Investors on Citrix Buyout Debt Bloomberg News Retrieved November 7 2022 Citrix sets 4B high yield bond offering backing LBO 12 September 2022 Sharwood Simon January 23 2023 XenServer split from Citrix promises per socket prices unlike certain other hypervisors The Register Citrix Systems expanded board from 9 to 10 directors Reuters 20 September 2017 Archived from the original on 21 September 2017 Retrieved 16 November 2017 Nathan Donato Weinstein May 17 2014 Citrix to expand Santa Clara headquarters with new 170 000 sq ft building Silicon Valley Business Journal Archived from the original on 12 June 2018 Retrieved 11 March 2015 Lauren K Ohnesorge October 6 2014 Look inside Citrix s new downtown Raleigh building and its 14K coffee maker Triangle Business Journal Archived from the original 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Growth Asia Pacific Market Business Wire Fort Lauderdale FL USA Retrieved 2017 01 20 Duursma Martin 2006 10 15 2005 Muir Jeff ed Datapac history Citrix R amp D Australia Citrix Blogger Archived from the original on 2017 01 20 Retrieved 2017 01 19 Costello John 1997 09 17 DataPac sale expected to benefit channel Australian Reseller News Archived from the original on 2017 01 20 Retrieved 2015 07 28 Marcia Heroux Pounds 13 February 2015 Citrix invests in startups to add new technology Sun Sentinel Archived from the original on 6 October 2015 Retrieved 20 August 2015 Citrix pays 200M to acquire Sapho which connects legacy software with micro apps TechCrunch Retrieved 2018 11 16 Gagliordi Natalie January 19 2021 Citrix buys Wrike for 2 25 billion aims to bolster hybrid work portfolio ZDNet Retrieved January 19 2021 Portero Ashley March 3 2021 Citrix completes 2 25B acquisition of digital work company Wrike South Florida Business Journal Retrieved March 29 2021 a b Brandon Butler March 19 2012 Citrix releases desktop as a service improvements for providers Network World Archived from the original on 25 May 2015 Retrieved 18 February 2015 a b Citrix Undervalued And Almost Ready For Accumulation Seeking Alpha December 17 2013 Archived from the original on 27 July 2014 Retrieved 18 February 2015 Andreas Krebs January 5 2010 An Overview of Citrix Virtualization All Covered Archived from the original on 15 December 2015 Retrieved 19 February 2015 a b Timothy Prickett Morgan October 26 2011 Citrix snaps up App DNA for app migration The Register Archived from the original on 21 March 2015 Retrieved 18 February 2015 a b c Steven Finley February 5 2015 Stock Update Citrix Systems Inc TheStreet com Archived from the original on 5 March 2016 Retrieved 18 February 2015 Alyssa Wood January 8 2014 Citrix DesktopPlayer for Mac supports offline mobile workers TechTarget Archived from the original on 29 January 2015 Retrieved 18 February 2015 Keith Ward January 15 2015 Citrix Unveils Workspace Cloud Virtualization Review Archived from the original on 14 February 2015 Retrieved 18 February 2015 a b Zeus Kerravala September 19 2013 Zeus Comes to the UC Industry No Jitter Archived from the original on 23 October 2016 Retrieved 18 February 2015 Fred Donovan August 23 2013 Citrix unveils Worx App Gallery mobile app ecosystem FierceMobileIT Archived from the original on 10 January 2015 Retrieved 18 February 2015 Steve Symington January 29 2015 5 Things Citrix Systems Inc Management Wants You to Know The Motley Fool Archived from the original on 22 February 2015 Retrieved 18 February 2015 John Rath October 18 2012 Citrix Outlines Gains for CloudStack Data Center Knowledge Archived from the original on 19 June 2015 Retrieved 18 February 2015 Brandon Butler June 7 2012 Citrix moves into mobile network optimization with Bytemobile buyout Network World Archived from the original on 14 September 2015 Retrieved 18 February 2015 Sarah Perez June 7 2012 Citrix Goes After Carriers With Acquisition Of Mobile Data amp Video Optimization Firm Bytemobile TechCrunch Archived from the original on 20 March 2015 Retrieved 5 March 2015 Table Corporate Giving In Kind Donations Bloomberg Business November 30 2009 Archived from the original on 17 March 2015 Retrieved 14 April 2015 Candice Tang Nyholt August 28 2013 Foodbank to Honor Sara Miller McCune and Citrix at Table of Life Gala Noozhawk Archived from the original on 2 July 2015 Retrieved 14 April 2015 Catherine Weening July 8 2011 Employees volunteer in school on Global Day of Impact The Jersey Journal Archived from the original on 2 July 2015 Retrieved 14 April 2015 John Palminteri May 10 2013 Volunteers pick fruit for those in need KEYT TV Archived from the original on 2 July 2015 Retrieved 14 April 2015 Best Places to Work Citrix Triangle Business Journal October 14 2013 Archived from the original on 4 April 2015 Retrieved 14 April 2015 Doreen Hemlock March 12 2007 3 South Florida companies are making social responsibility a top priority Sun Sentinel Archived from the original on 1 July 2015 Retrieved 14 April 2015 Sarah Barr March 9 2015 Citrix teaches Raleigh students the power of coding The News amp Observer Archived from the original on 22 March 2015 Retrieved 14 April 2015 Joab Jackson April 15 2013 Citrix bequeaths Xen to the Linux Foundation PC World Archived from the original on 2 July 2015 Retrieved 14 April 2015 Chris Duckett May 21 2014 Citrix happy with CloudStack move to Apache ZDnet Archived from the original on 1 July 2015 Retrieved 14 April 2015 Further reading editKeith Schultz December 14 2011 VDI shoot out Citrix XenDesktop vs VMware View Citrix XenDesktop 5 5 and VMware View 5 vie for the most flexible scalable and complete virtual desktop infrastructure InfoWorld Keith Schultz December 14 2011 VDI shoot out HDX vs PCoIP The differences between the Citrix and VMware remote desktop protocols are more than skin deep InfoWorld Colt Agar January 19 2018 Grasshopper Phone Review Virtual Phone System for Entrepreneurs TheTechReviewer comExternal links editOfficial website Historical business data for Citrix Systems Inc SEC filings Retrieved from https en wikipedia org w index php title Citrix Systems amp oldid 1215543132 Products, wikipedia, wiki, book, books, library,

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