Citrix Founder Edward Iacobucci Named Florida Entrepreneur of the Year by Ernst & Young; Miami Herald and Bloomberg News Also Rank Citrix as Top Florida Company.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)--July 13, 1998--Citrix Systems, Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ) announced today that its chairman, founder, and chief technology officer Edward Iacobucci is the recipient of the 1998 Florida Entrepreneur of the Year Award. The company also announced that it has been ranked third in The Miami Herald and Bloomberg News 1998 listing of Florida's top 100 public companies. The Florida Entrepreneur of the Year Award, given annually by accounting firm Ernst & Young, recognized Iacobucci in the Software Technology category from more than 100 Florida business elite. The Herald Bloomberg 100, an annual ranking of Florida's top publicly held companies based on revenue, recognized Citrix as the third leading company in Florida in terms of sales Terms of sale Conditions under which a firm proposes to sell its goods or services for cash or credit. , growth, and return on equity. "The past year has been rewarding for Citrix," said Iacobucci. "We've reached many new milestones, including a 178 percent increase in revenue, global expansion and greater than 100 percent growth in workforce. The demand for our award-winning WinFrame and MetaFrame thin-client/server computing product lines has grown, and our technology is emerging as an industry standard. We're pleased to be recognized with these prestigious honors and look forward to meeting the growing demand for server-based computing Refers to applications that run in a server. Also known as "thin client computing," it may refer to a browser-based environment that uses a Web browser as the client with all applications running on a Web server on the Internet or in an intranet on the LAN. solutions." Entrepreneur of the Year Award In its 12th year, the Ernst & Young award recognizes entrepreneurs who have demonstrated innovation and financial performance or have shown support for entrepreneurial ventures. The award uses independent judges including professionals from Florida's business, academic, and civic organizations to evaluate leaders in industries such as technology, manufacturing, retail, and communications. Contestants submit detailed financial histories and undergo in-depth interviews about themselves and their company's operations and products. As a regional winner of the Ernst & Young award, Iacobucci is now eligible for National Entrepreneur of the Year. This award will be announced in November during the Entrepreneur of the Year Institute International Conference held in Palm Springs, CA. The awards program is sponsored nationally by Entrepreneur of the Year Institute, the Center for Entrepreneurial Leadership Inc., the Nasdaq stock market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. , and USA Today USA Today National U.S. daily general-interest newspaper, the first of its kind. Launched in 1982 by Allen Neuharth, head of the Gannett newspaper chain, it reached a circulation of one million within a year and surpassed two million in the 1990s. . Herald Bloomberg 100 The Herald Bloomberg 100 has been recognizing Florida companies List of Florida companies includes notable companies that are, or once were, headquartered in Florida. A
This year marks Citrix's second year as a "top 10" Florida company on the Herald Bloomberg list. Citrix was ranked seventh last year. About Citrix Founded in 1989, Citrix Systems Citrix Systems' (NASDAQ: CTXS) is an American technology company, based in Fort Lauderdale, Florida, with subsidiary operations in California and Massachusetts, with additional development centers in Australia, India and the UK. , Inc. is a leader in system software for thin-client/server computing. The WinFrame(R) and MetaFrame(tm) product lines 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, FL. 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. For Citrix Investors 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 Section 21E of the Securities Exchange Act of 1934. 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, 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 Annual Report on 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. for the year ended December 31, 1997 and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 1998, on file with the Securities and Exchange Commission. The Citrix(R) logo, WinFrame(R) and ICA(R) are registered trademarks of Citrix Systems, Inc. MetaFrame(tm) is a trademark of Citrix Systems, Inc. for which there is an application pending with 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, 954/267-2346
or deepas@citrix.com
or
The Weber Group, Inc.
Laureen McGowan, 617/520-7087
or lmcgowan@webergroup.com
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