Citrix to Acquire DataPac Australasia; Acquisition to Accelerate Citrix Presence in High-Growth Asia-Pacific Market.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)--Sept. 9, 1997--Citrix Systems, Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ) today announced the signing of a definitive agreement to acquire certain of the assets, technology and operations of DataPac Australasia Pty Limited for approximately U.S. $5.0 million. The acquisition of DataPac Australasia, a former 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 of Citrix WinFrame WinFrame was a multi-user version of Windows NT 3.51 which was fully repackaged by Citrix Systems. At this stage of the product development Citrix Systems licensed the Windows NT 3.51 base operating system from Microsoft. (R) thin-client/server software, provides an experienced base of sales, marketing, technical support and administrative personnel in Australasia. Today's announcement reinforces the company's commitment to the fast-growing Asia-Pacific region. Earlier in August, Citrix announced its entry into the marketplace, with the opening of a local office in Sydney, Australia. The acquisition of DataPac Australasia significantly increases the total number of Citrix employees dedicated to its Asia-Pacific operations, helping to accelerate the company's presence in the region. The company anticipates the transaction will close on or about October 1, 1997, subject to obtaining the necessary Australian government approvals. Citrix will record a charge to its operations in the fourth quarter of 1997 for the write-off of in-process WinFrame-enhancement technologies associated with the purchase. However, the amount of such charge is currently being determined in connection with the purchase price allocation being prepared by management. "As one of the fastest growing regions in the world, Asia-Pacific is a strategic market for Citrix," said Roger W. Roberts, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of 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. "The acquisition of DataPac Australasia and its team of experienced personnel will jumpstart our sales, marketing and support activities, helping to accelerate the adoption of WinFrame thin-client/server software and 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 technologies in Asia-Pacific." "DataPac has been a player in the 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. market for ten years now and offers Citrix much synergy, including an established channel in Australia, complementary products and technologies for WinFrame, and expertise on WinFrame thin- client/server software as a former Citrix OEM," said Peter Campbell, Managing Director for Citrix Systems Australia Pty Ltd. "We're excited to be a part of the Citrix team and look forward to continuing to market, sell and support WinFrame software across Asia- Pacific." About DataPac DataPac Australasia Pty Limited, a former OEM of Citrix WinFrame thin- client/server system software, specializes in the development and value-added distribution and support of multi-user thin-client/server computing solutions, including System Manager and Remote Client. DataPac has also developed its own enhancement products for WinFrame software. The company has an established distribution channel in Australia as well as across Asia-Pacific and Europe. About Citrix 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(R)) thin-client/server technology are marketed through a worldwide business alliance of value-added resellers, system integrators, OEM licensees and industry associates. Citrix is based in Fort Lauderdale, Fla. and is traded on the Nasdaq National Market under the symbol CTXS. 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, 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 fiscal year ended December 31, 1996, and its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 1997, recently filed with the Securities and Exchange Commission. -0- Note to Editors: 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. Vicky Harris, 954/267-2246 or vickyh@citrix.com or The Weber Group, Inc. Beth Morrissey, 617/520-7246 or bmorrissey@webergroup.com |
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