Citrix Meets Surging Demand for New Class of Fast, Easy and Secure Real-Time Collaboration Services; On-Demand Software-as-a-Service Offerings Fueling Exceptional Growth.FT. LAUDERDALE, Fla. -- "Everything should be as simple as possible, but no simpler," said Einstein. As more business is conducted from virtually anywhere, and more people rely on the web to get work done, demand for a new class of real-time collaboration solutions is growing fast. Answering the business need, and adhering to Einstein's maxim, 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. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ), the global leader in access infrastructure solutions, is experiencing rapid growth in its software-as-a service suite of fast, simple to use, and secure on-demand web-based solutions for remote technical support, web conferencing A videoconferencing session via the Internet. In order to interact with other participants, attendees use either a Web application or an application downloaded into their client machines. and remote desktop access. Citrix's 'simpler is better' approach for delivering hosted 'software-as-a-service' is resonating for businesses across the industry and delivering clear, quantifiable results. Growth in revenue of its Online product group for the second quarter of 2005 was up 77 percent year-over-year.(1) Cost-conscious organizations and professionals are voting with their wallets to show their preference for real-time solutions that are secure, highly reliable, have no upfront costs, and require minimal -- if any -- IT resources. More than 14,000 businesses worldwide use Citrix software-as-a-service solutions, ranging from home businesses to Fortune 1000 companies. These services include: --Citrix(R) GoToAssist(TM), which enables instant collaborative remote technical support, on demand, for organizations and their customers; --Citrix GoToMeeting(TM), which is the easiest to use, most secure online web conferencing solution for individuals and businesses, enabling instant collaboration on documents, online training, product demonstrations on the fly and impromptu online meetings in seconds; --Citrix GoToMyPC(R), the industry's market-defining remote access solution for individuals, small businesses and large enterprises seeking fast, easy and secure access to their PCs from anywhere. Industry Analysts Cite Strong Growth Potential and Value for Business Prominent industry research analysts report that Citrix software-as-service real-time collaboration solutions offer significant value for businesses and, for many, are transforming the way they work. Industry research firm, Frost & Sullivan, in a recent report entitled, Worldwide Web Conferencing 2005, states that the market for simple, functional hosted conferencing and collaboration services, such as Citrix GoToMeeting, is on a strong trajectory. Valued at more than $567 million today, the market is projected to reach $3.1 billion by 2011. The report praised Citrix GoToMeeting for its rapid growth, simplicity, security and functionality, by honoring it with its 2005 Award for Best New Web Conferencing Service. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Robert Mahowald, program director at industry analyst firm, IDC, Citrix's secure, real-time collaboration services for conducting online meetings, training, and remote support, on-demand, can offer significant value for many businesses: "Services such as Citrix GoToAssist and Citrix GoToMeeting require minimal capital investments and can be rapidly deployed, while allowing partners to add value and customers to remain focused on their core business." Value-Added Solutions Appeal to the Channel: Further Strengthening Market Position The surging demand for real-time collaboration is also catching the attention of VARs and resellers interested in capitalizing on the trend for their customers, and in boosting their margins. "Resellers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. value-added solutions that are positioned well for the market, and that are easy to sell, so they are rapidly moving towards our on-demand service-based solutions," says Brett Caine, group vice president and general manager of Citrix Online Citrix Online is a division of Citrix Systems, Inc. (Nasdaq: CTXS) that sells Web-based remote access, support, and collaboration software and services. Its products are GoToAssist, GoToMeeting, GoToMyPC, and GoToWebinar. . "Our network of resellers is increasingly recognizing the advantages that the service model delivers in terms of recurring annuity-based revenue streams that can pay dividends for years." "We're committed to helping our customers and channel partners achieve competitive advantage through superior next-generation technology that has the power to transform the way they collaborate and access information," says Caine. "Our strong results and market-defining solutions enabling real-time collaboration, on-demand, position us well for continued leadership and strong growth in this fast growing market." With Citrix's real-time, on-demand collaboration solutions, companies can quickly deploy secure network infrastructure technology without investing in expensive equipment, installation or training. Strong security and complete data privacy, with 128-bit end-to-end Advanced Encryption Standard (cryptography, algorithm) Advanced Encryption Standard - (AES) The NIST's replacement for the Data Encryption Standard (DES). The Rijndael /rayn-dahl/ symmetric block cipher, designed by Joan Daemen and Vincent Rijmen, was chosen by a NIST contest to be AES. (AES) data encryption data encryption, the process of scrambling stored or transmitted information so that it is unintelligible until it is unscrambled by the intended recipient. Historically, data encryption has been used primarily to protect diplomatic and military secrets from foreign enables compliance with the Health Insurance Portability and Accountability Act The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers and their families when (HIPAA (Health Insurance Portability & Accountability Act of 1996, Public Law 104-191) Also known as the "Kennedy-Kassebaum Act," this U.S. law protects employees' health insurance coverage when they change or lose their jobs (Title I) and provides standards for patient health, ) and the Gramm-Leach-Bliley Act The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed the Glass-Steagall Act, opening up competition (GLBA GLBA Gramm-Leach-Bliley Act of 1999 (Financial Modernization Act of 1999) GLBA Gay and Lesbian Business Association GLBA Great Lakes Booksellers Association GLBA Glacier Bay National Park and Preserve ). The services consistently receive awards for excellence from the industry's most discerning organizations, underscoring the company's leadership and commitment to the highest standards. Top awards include: PC World's World Class Award for Citrix GoToMyPC, Laptop Magazine's Editors' Choice Award for Citrix GoToMeeting, PC Magazine's Editors' Choice for Citrix GoToMeeting, Frost & Sullivan's Best New Web Conferencing Service for Citrix GoToMeeting and TMC's CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. Excellence Award for Citrix GoToAssist. For further information on Citrix GoToMyPC: http://www.gotomypc.com; Citrix GoToAssist: http://www.gotoassist.com; and Citrix GoToMeeting: http://www.gotomeeting.com. About Citrix Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader in access infrastructure and the most trusted name in secure access. More than 160,000 organizations around the world use the Citrix Access Platform to provide secure, well-managed access to business information wherever it lives -- on demand. Citrix customers include 100% of the Fortune 100 companies, 99% of the Fortune 500 and 97% of the Fortune Global 500, as well as hundreds of thousands of smaller businesses and individuals. Based in Fort Lauderdale, Florida Fort Lauderdale, known as the "Venice of America" due to its expansive and intricate canal system, is a city in Broward County, Florida, United States. The city's population is described as metropolitan, where diverse culture is commonplace. According to 2006 U.S. , Citrix has offices in 22 countries and approximately 6,200 channel and alliance partners in more than 100 countries. For more information visit http://www.citrix.com. Citrix(R) is a registered trademark of Citrix Systems, Inc., in the United States and other countries. GoToMyPC(R)is a registered trademark of Citrix Online, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , in the United States and other countries. All other trademarks and registered trademarks are the property of their respective owners. (1) Citrix Online contributed $23.8 million of revenue during the second quarter of 2005, up 128 percent year over year on a GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). basis and 77 percent when considering purchase accounting adjustments. |
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