CITRIX
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 claims that their products are used by over 400,000 clients worldwide, including 99% of the Fortune 100 and 98% of the Fortune 500.
In 1989, Citrix was founded in Richardson, Texas, by Ed Iacobucci, who served as chairman until his departure in 2000. The company began by developing remote access products for Microsoft operating systems and licensing source code from Microsoft. Citrix has been partnered with Microsoft throughout its history. By the 1990s, Citrix had become 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 additional markets including server and desktop virtualization, cloud computing, infrastructure as a service, and software as a service. 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 $1.8 billion deal with LogMeIn, Citrix spun off the GoTo product line into a new business entity called 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.
After being acquired 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. Citrix spun off the re-branded Citrix ADC back into a standalone entity called NetScaler under the same parent.
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