Citrix Expands Global Operations.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.--(BUSINESS WIRE)--Feb. 11, 1998-- Demand for Thin-Client/Server Computing Leads to Opening of New European and Asia/Pacific Headquarters, Three R&D Facilities Responding to worldwide demand for its thin-client/server computing products and technologies, Citrix Systems, Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ) is enlarging its global infrastructure. Citrix today announced the opening of two regional headquarters: its European headquarters in Munich, Germany, and its Asia/Pacific headquarters located outside Sydney, Australia. Citrix also announced plans to establish three research and development centers in Redmond, Wash.; Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. ; and High Wycombe, England to further enhance its technology development efforts. Citrix, a market leader in thin-client/server software, offers products that enable organizations to cost-effectively deploy business applications across enterprise networks, regardless of user location, client hardware, operating platform or available bandwidth. The company, whose software is used by thousands of enterprises to support millions of users worldwide, experienced significant growth over the past 12 months, including a 178 percent increase in revenues (from $44.5 million to $123.9 million) and 150 new hires that have more than doubled the company's workforce. "Customers worldwide are seeking cost-effective solutions for extending the reach of business applications in a high-performance, secure and manageable way," said Roger W. Roberts, Citrix chief executive officer. "By establishing new regional headquarters and expanding our research and development efforts worldwide, Citrix is well positioned to meet the growing demands of our customers and business partners for innovative thin-client/server solutions that address these enterprise application deployment challenges." Citrix's German headquarters will be the focal point focal point n. See focus. for all marketing, sales, administration, MIS support and management operations across Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the (EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. ), while the company's Australian headquarters will be responsible for coordinating these operations in Asia/Pacific. These two central offices will enable improved service to European and Asia/Pacific customers, where the company has experienced strong growth, and will fuel Citrix's continued global expansion. The three research and development facilities will allow Citrix to accelerate its development efforts in next-generation thin-client/server solutions. The new centers underscore the company's dedication to intensive R&D and its commitment to remain the industry innovator in the thin-client/server computing arena. Founded in 1989, Citrix Systems, Inc. is a leader in system software for thin-client/server computing. The WinFrame(R) product line and Independent Computing Architecture Independent Computing Architecture (ICA) is a proprietary protocol for an application server system, designed by Citrix Systems. The protocol lays down a specification for passing data between server and clients, but is not bound to any one platform. (ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. (R)) thin client/server technology are marketed through a worldwide business alliance of value-added resellers, system integrators, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and licensees and industry associates. Citrix is based in Fort Lauderdale, Fla., and is traded on the Nasdaq National Market under the symbol CTXS. For more information, please visit the Citrix website at http//www.citrix.com. Forward-looking statements in this release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, planned product ship dates, management's assessment of market factors, as well as statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the company's ICA protocol, management of growth, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, and risks associated with competition and competitive pricing pressures. For a more detailed description of the risk factors associated with the company, please refer to the company's 1996 Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1997 filed with the Securities and Exchange Commission. -0- The Citrix(R) logo, WinFrame(R) and ICA(R) are registered trademarks of Citrix Systems, Inc. MultiWin(TM) is a trademark of Citrix Systems, Inc. for which there is a pending application for registration in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are property of their respective owners. CONTACT: Citrix Systems, Inc. Deepa Swamy, 954/267-2246 deepas@citrix.com or The Weber Group, Inc. Beth Morrissey, 617/520-7246 bmorrissey@webergroup.com |
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