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Citrix Systems

Citrix Systems, Inc.
Public
(NASDAQ: CTXS)
S&P 500 Component
Industry Software
Founded 1989
Founder Ed Iacobucci
Headquarters Fort Lauderdale, Florida, United States
Area served
Global
Key people
Thomas F. Bogan (Chairman)
Bob Calderoni (CEO)
David Henshall (CFO)[1]
Products Application Delivery Industry, Virtualization software (DaaS), SaaS, cloud, and networking
Revenue US$ 3,142.856  million (2014)[2]
US$ 302.311 million (2014)[2]
Profit US$ 251.723 million (2014)[2]
Total assets US$ 5,512.007 million (2014)[2]
Total equity US$ 2,173.645 million (2014)[2]
Number of employees
10081 (Dec 2014) minus 700 [3]
Website .com.citrixwww

Citrix Systems, Inc. is an American multinational software company founded in 1989 that provides server, application and desktop virtualization, networking, software-as-a-service (SaaS), and cloud computing technologies.

The company began by developing remote access products for Microsoft operating systems. It licensed source code from Microsoft and has been in partnership with the company throughout its history. Citrix came to prominence in the 1990s as a leader in thin client technology. Through several acquisitions in the mid-2000s, the company expanded into server and desktop virtualization, as well as cloud and Infrastructure as a Service.

Citrix currently services around 330,000 organizations worldwide[4] and is based in Fort Lauderdale, Florida, in the Miami metropolitan area, and Santa Clara, California, with subsidiary operations in California and Massachusetts, and additional development centers in Canada, Germany, Denmark, the United Kingdom, India and Australia.

Contents

  • History 1
    • Early history 1.1
    • Rise in popularity 1.2
    • Expansion 1.3
    • Recent history 1.4
  • Operations 2
  • Acquisitions 3
  • Products 4
    • Desktops and apps 4.1
    • Desktop as a Service (DaaS) 4.2
    • Networking and cloud 4.3
    • Software as a Service (SaaS) 4.4
  • Corporate responsibility 5
  • References 6
  • Further reading 7
  • External links 8

History

Early history

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 of 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,[6][10][5] and developed its own Independent Computing Architecture (ICA) protocol for Citrix Multiuser.[11] Multiuser allowed multiple users working on separate computers remote access to software on a server, even from computers not built to run OS/2.[10][12] 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.[6][5]

Multi-Win version 2.0 was released in 1992. It was compatible with DOS applications and allowed up to five users.[13] In 1993, Citrix released a new remote applications server, WinView, which had the ability to run DOS and Windows applications.[14] By 1994, the company's yearly revenue equaled US$10 million.[5]

The company launched WinFrame, a multi-user operating system based on Microsoft’s Windows NT, in 1995.[5] The new product allowed up to 15 users and was the first thin client for Windows.[15][16]

Rise in popularity

Citrix had its initial public offering in December 1995.[17] 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]

In 1997, during negotiations to extend licenses of Windows NT 4.0 source code to Citrix, Microsoft stated it would develop its own competing software to WinFrame. Citrix stocks dropped 62 percent after the announcement.[12] Following weeks of discussions, Iacobucci was able to persuade Microsoft to agree to license Citrix technology for Windows NT Server 4.0, which resulted in Windows Terminal Server Edition in 1998.[6][7][18] This agreement allowed Citrix to keep its position in the marketplace and be NT 4.0 compatible.[12] Citrix also earned $75 million through the agreement, along with a royalty arrangement that was valued at approximately $100 million.[17][12]

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.[18][7]

In 1997, the company opened a new headquarters in Fort Lauderdale, Florida. It also opened offices in Sydney, London and Paris that same year.[17] In 1998, Mark Templeton became the CEO of Citrix after serving as vice president of marketing.[17] 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.[12][7] A sudden drop in stocks in 2000 led to Iacobucci leaving the company and CEO Mark Templeton being demoted to president and senior executive officer. Templeton was later reinstated in 2001.[17][19]

Expansion

In 2001 Citrix acquired the Sequoia Software Corp. for $185 million.[5] That same year it released MetaFrame XP, a new platform using MetaFrame technology.[20] This was later rebranded by Citrix as Presentation Server, in 2005.[21]

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.[22]

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.[23] Through the acquisition, Citrix gained ExpertCity's existing products GoToMyPC and GoToAssist, and ExpertCity became the Citrix Online division of the company.[23][24] In 2004, the company introduced Citrix GoToMeeting.[17]

Between 2005 and 2012, the company acquired over a dozen companies that allowed them to expand in new markets. Citrix acquired acceleration hardware maker NetScaler in 2005, which allowed the company to offer optimized application delivery.[25] The company entered the server and desktop virtualization market with the purchase of XenSource in August 2007.[26] Citrix expanded cloud and Infrastructure as a Service (IaaS) offerings in August 2010 with the acquisition of VMLogix.[27] In February 2011, Citrix entered the European Software as a Service (SaaS) market with the acquisition of Netviewer.[28][29]

The company became a leader in IaaS after the acquisition of Cloud.com, provider of cloud infrastructure for companies, in July 2011.[30] Citrix began offering VDI-in-a-box to small and medium businesses with the acquisition of Kaviza in May 2011.[31] The company acquired technology for cloud-based file sharing and storage through its purchase of ShareFile in October 2011.[32]

In May 2012, Citrix acquired Virtual Computer, maker of intelligent desktop virtualization. The technology is used in the company's XenClient Enterprise edition.[33] Citrix entered the mobile video and telecom markets in June 2012 when the company acquired ByteMobile.[34] Also in 2012, the company acquired Zenprise. Zenprise's Mobile application management (MAM) technology was released as XenMobile in February 2013.[35]

In 2007, the company opened a headquarters in Silicon Valley.[17] In 2008, the company changed the name of its Presentation Server product line to XenApp.[36] Also in 2008, Citrix announced an expanded alliance with Microsoft on desktop virtualization solutions.[17] On January 29, 2009, Citrix announced that 460 employee positions would be cut, comprising 10% of its workforce.[37] In August 2010, Citrix announced a partnership with Google to bring the company's products to Chrome OS devices.[38][39]

Citrix acquired Framehawk in January 2014 in order 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]

On January 29, 2015, Citrix announced that 700 full-time and 200 contractor positions would be eliminated.[41] This constituted about 10% of its workforce. The cuts were expected to save between $90 and $100 million a year. Two hundred of the layoffs occurred in Fort Lauderdale, Florida, where the company is headquartered.[42]

On July 14, 2015, Citrix added full support for Windows 10 to its desktop virtualization products.[43]

Recent history

Citrix reported net income of $251.7 million in 2014, down from $339.5 million in 2013.[44] In July 2015, the company announced several changes to their Board of Directors including Robert Calderoni becoming executive chairman and adding Jesse Cohn, a senior partner of activist hedge fund Elliott Management.[45] That same month the company announced that president and CEO Mark Templeton would retire after a replacement was found,[46] and on October 21, the company named its executive chairman, Calderoni, as interim president and CEO.[47] As of October 2015, Citrix announced that it is reviewing potential spinoff or sale options for its GoTo products, which include GoToMeeting, GoToWebinar, GoToWebcast, GoToTraining, GoToAssist and GoToMyPC.[48]

Operations

Citrix is an American company that creates software for use on

  • Official website

External links

  • 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

Further reading

  1. ^ "Citrix Systems Inc".  
  2. ^ a b c d e "Citrix Form 10-K Annual Report". investors.citrix.com. Citrix Systems Inc. 31 December 2014. Retrieved 30 March 2015. 
  3. ^ "Citrix Systems, Form 10-K, Annual Report, Filing Date Feb 19, 2015". 
  4. ^ [2] "Citrix company profile" Reuters
  5. ^ 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. 
  6. ^ a b c d e f Lisa Gibbs (July 1, 1999). "Inside Ed's Head".  
  7. ^ a b c d Jim Freer (June 23, 1997). "Citrix rebounds – after a close call with Bill Gates".  
  8. ^ Yoni Heisler. "In Pictures: How 41 tech companies got their names".  
  9. ^ David E. Y. Sarna (2010). Implementing and Developing Cloud Computing Applications.  
  10. ^ a b Charles Lunan (April 22, 1991). "Informal Attire Belies Citrix`s Serious Aims".  
  11. ^ Paweł Serwan (September 24, 2014). "Dive into Citrix ICA protocol – Part1". Retrieved 4 February 2015. 
  12. ^ a b c d e Maney, Kevin (June 11, 1997). "Tiny tech firm does the unthinkable".  
  13. ^ Joe Salemi (Jun 16, 1992). "Citrix and Novell Update Their Multiuser Operating Systems".  
  14. ^ Nancy Durlester, Laura Wonnacott, Nicholas Petreley (December 6, 1993). "Free associating our way through Citrix WinView server installation".  
  15. ^ Steve Rigney (August 1996). "Citrix's WinFrame: Windows Anywhere".  
  16. ^ "Definition of:ICA". pcmag.com/encyclopedia.  
  17. ^ a b c d e f g h "Citrix through the years: A timeline".  
  18. ^ a b "WinFrame, MetaFrame and Terminal Server: The Difference Is ICA". Enterprise Systems Journal. July 15, 1998. Retrieved 4 February 2015. 
  19. ^ Adam Bryant (September 22, 2012). "Paint by Numbers or Connect the Dots".  
  20. ^ Rick Vanover (June 13, 2001). "Decision Support: Should you upgrade to Citrix MetaFrame XP?".  
  21. ^ Paul Stansel (October 19, 2005). "Citrix Access Suite 4.0 – It’s Not Your Daddy’s MetaFrame". VirtualizationAdmon.com. Retrieved 4 February 2015. 
  22. ^ "Citrix Shares Fall to 5-Year Low After Profit Warning, Job Cuts". www.wsj.com. Wall Street Journal. 
  23. ^ a b Steven Burke (December 19, 2003). "Citrix Acquires Expertcity".  
  24. ^ Jack M. Germain (June 15, 2009). "Citrix Online Brings SMBs Into the Virtual Meeting Room". E-Commerce Times. Retrieved 4 February 2015. 
  25. ^ Stacy Cowley (June 6, 2005). "Gaining speed, Citrix buys NetScaler".  
  26. ^ Martin LaMonica (August 15, 2007). "Citrix to buy virtualization company XenSource for $500 million".  
  27. ^ Ben Kepes (August 30, 2010). "Citrix Buys VMLogix — It’s All About the Hybrid Cloud".  
  28. ^ Jenny Williams (December 20, 2010). "Citrix acquires SaaS firm Netviewer to expand into Europe".  
  29. ^ "Citrix Dives Deeper Into Cloud App Delivery With EMS-Cortex Acquisition".  
  30. ^ Derrick Harris (July 12, 2011). "Citrix buys Cloud.com to step up VMware competition".  
  31. ^ Kevin McLaughlin (May 23, 2011). "Citrix Acquires Desktop Virtualization Startup Kaviza".  
  32. ^ Jenny Wiliams (October 27, 2011). "'"Citrix introduces ShareFile as 'iCloud for business.  
  33. ^ Kyle Alspach (May 9, 2012). "Citrix acquires VC-backed Virtual Computer".  
  34. ^ Sarah Thomas (June 7, 2012). "Citrix Acquires Bytemobile to Target Telcos".  
  35. ^ Elias Khnaser (December 10, 2012). "With Zenprise, Citrix Tightens End-User Computing Strategy". Virtualization Review. Retrieved 4 February 2015. 
  36. ^ Ruben Spruijt (January 28, 2008). "Citrix Presentation Server has left the building, XenApp is the new name". Brian Madden. Retrieved 4 February 2015. 
  37. ^ Morgan, Timothy. "Citrix ejects 10 percent of staff". www.theregister.co.uk. The Register. 
  38. ^ Chris Fleck (December 7, 2010). "Google Search Finds Citrix Receiver for Chrome Notebooks". The Citrix Blog. Retrieved 4 February 2015. 
  39. ^ Chance Miller (August 21, 2014). "Citrix announces Receiver app for Chrome OS, allows remote access to other devices from within the browser". 9 to 5 Google. Retrieved 4 February 2015. 
  40. ^ Dan Kusnetzky (January 8, 2014). "Citrix acquires Framehawk to extend virtual access to mobile devices".  
  41. ^ Katherine, Noyes. "Citrix's 900 job cuts seen as 'defensive' move". www.pcworld.com. PC World. 
  42. ^ Pounds, Marcia. "Citrix lays off 200 Fort Lauderdale workers". Sun Sentinel. 
  43. ^ Howse, Brett. "Citrix Brings Full Support For Windows 10 To Its Desktop Virtualization Products". Anandtech. 
  44. ^ Linda Baker and Greg Roumeliotis (September 22, 2015). "Citrix in last-ditch attempt to sell itself".  
  45. ^ Nancy Dahlberg (July 28, 2015). "Citrix CEO stepping down, activist investor joins board".  
  46. ^ Barb Darrow (September 25, 2015). "Citrix for sale? Maybe not.".  
  47. ^ a b c Marcia Heroux Pounds (October 21, 2015). "Citrix appoints Robert Calderoni as interim CEO".  
  48. ^ Larry Dignan (July 28, 2015). "Citrix aims to simplify, unload GoTo business as CEO retires".  
  49. ^ a b c "Citrix Systems".  
  50. ^ Miriam Valverde (September 18, 2014). "Citrix acquires Delray Beach startup Virtual".  
  51. ^ Nathan Donato-Weinstein (May 17, 2014). "Citrix to expand Santa Clara headquarters with new 170,000-sq. ft. building".  
  52. ^ Lauren K. Ohnesorge (October 6, 2014). "Look inside Citrix's new downtown Raleigh building – and its $14K coffee maker".  
  53. ^ John Ribeiro (June 17, 2008). "Citrix Sets up Second Indian Product Development Center".  
  54. ^ Citrix (February 19, 2015). "Form 10-K Annual Report: Citrix Systems Inc.". Securities and Exchange Commission. Retrieved 12 March 2015. 
  55. ^ a b Steve Symington (January 28, 2015). "Here's How Citrix Systems, Inc. Just Beat Earnings Expectations".  
  56. ^ Zack Whittaker (January 29, 2015). "Citrix Q4: Strong earnings; 700 staff cut in restructuring".  
  57. ^ "Citrix Systems, Inc.".  
  58. ^ John Costello (17 September 1997). "DataPac sale expected to benefit channel". Australian Reseller News. Retrieved 28 July 2015. 
  59. ^ a b c Brandon Butler (March 19, 2012). "Citrix releases desktop as a service improvements for providers".  
  60. ^ a b "Citrix: Undervalued And Almost Ready For Accumulation".  
  61. ^ Andreas Krebs (January 5, 2010). "An Overview of Citrix Virtualization". All Covered. Retrieved 19 February 2015. 
  62. ^ a b c Timothy Prickett Morgan (October 26, 2011). "Citrix snaps up App-DNA for app migration".  
  63. ^ a b c d Steven Finley (February 5, 2015). "Stock Update: Citrix Systems Inc.".  
  64. ^ Alyssa Wood (January 8, 2014). "Citrix DesktopPlayer for Mac supports offline mobile workers".  
  65. ^ Keith Ward (January 15, 2015). "Citrix Unveils Workspace Cloud". Virtualization Review. Retrieved 18 February 2015. 
  66. ^ a b Zeus Kerravala (September 19, 2013). "Zeus Comes to the UC Industry". No Jitter. Retrieved 18 February 2015. 
  67. ^ Fred Donovan (August 23, 2013). "Citrix unveils Worx App Gallery mobile app ecosystem". FierceMobileIT. Retrieved 18 February 2015. 
  68. ^ John Rath (October 18, 2012). "Citrix Outlines Gains for CloudStack". Data Center Knowledge. Retrieved 18 February 2015. 
  69. ^ Larry Dignan (February 11, 2014). "Citrix launches CloudBridge WAN appliance".  
  70. ^ Sarah Perez (June 7, 2012). "Citrix Goes After Carriers With Acquisition Of Mobile Data & Video Optimization Firm Bytemobile".  
  71. ^ "Table: Corporate Giving: In-Kind Donations".  
  72. ^ Candice Tang Nyholt (August 28, 2013). "Foodbank to Honor Sara Miller McCune and Citrix at ‘Table of Life’ Gala". Noozhawk. Retrieved 14 April 2015. 
  73. ^ Patrick Duggan (January 23, 2012). "Citrix Gives Back".  
  74. ^ Catherine Weening (July 8, 2011). "Employees volunteer in school on ‘Global Day of Impact’".  
  75. ^ John Palminteri (May 10, 2013). "Volunteers pick fruit for those in need".  
  76. ^ "Best Places to Work: Citrix".  
  77. ^ Doreen Hemlock (March 12, 2007). "3 South Florida companies are making social responsibility a top priority".  
  78. ^ Sarah Barr (March 9, 2015). "Citrix teaches Raleigh students the power of coding".  
  79. ^ Joab Jackson (April 15, 2013). "Citrix bequeaths Xen to the Linux Foundation".  
  80. ^ Chris Duckett (May 21, 2014). "Citrix happy with CloudStack move to Apache".  

References

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.[79][80]

[78] through coding exercises and teaches them about computer science.Boys & Girls Clubs Furthermore, the company's Raleigh office began a program called "Project Code" in 2014, which leads youth from local [77] Near its Fort Lauderdale headquarters, Citrix has provided business training to non-profit teams. 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

The company's philanthropic activities include corporate giving—such as corporate donations of TechSoup.[73] 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.[74][75][76]

Corporate responsibility

Citrix Software as a Service (SaaS) products are focused on collaboration and communications. The offerings include GoToAssist for remote IT support; GoToTraining, which supports online training; GoToMeeting, which facilitates online meetings; GoToWebinar for webinars and online conferencing; Podio, a cloud-based collaboration service; and OpenVoice, which provides audio conferencing.[63][66]

Software as a Service (SaaS)

Citrix products related to cloud computing and networking include Citrix XenServer for server virtualization;[63] CloudPlatform powered by Apache CloudStack for building cloud infrastructure;[68] CloudBridge for WAN optimization;[69] and its Netscaler brand of network appliances, Application Delivery Controller (ADC), Gateway, and AppFirewall.[60] The company also has ByteMobile Adaptive Traffic Management, which aims to optimize mobile video services through traffic management, policy control and caching, and ByteMobile Insight, which provides mobile data and subscriber analytics.[59][70]

Networking and cloud

Citrix technology enables service providers to provide [62]

Desktop as a Service (DaaS)

Citrix offers a number of products related to [62]

Desktops and apps

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 and apps, Desktop as a Service (DaaS), Software as a Service (SaaS), networking and cloud.[59][60]

Products

Citrix has expanded and added new technologies and services through a number of mergers and acquisitions.[47] 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.[58] 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.[47]

Acquisitions

Citrix is publicly traded under the ticker symbol CTXS.[49] The company's revenue in 2014 equaled US$3.14 billion, an increase from $2.91 billion in 2013 and $2.59 billion in 2012.[56] In 2014, the company ranked 741 on the Fortune 1000 and 1,793 on Forbes Global 2000.[57][49]

Citrix is organized into three units: Workspace Services, Delivery Network, and Mobility Apps.[55] 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.

The company's President and CEO is Mark Templeton and its COO and CFO is David Henshall. The company has 10,081 employees as of February 2015.[54]

Citrix has headquarters in [52] Citrix research and development centers are located in the U.S., Australia, India, Japan, and the United Kingdom.[53]

[50]

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