GoToMeeting and GoToWebinar Raise Citrix Online to #2 in Global Web Conferencing Market
September 02 2010 - 8:00AM
Business Wire
Citrix Online, a division of Citrix Systems (NASDAQ: CTXS), said
today that a new report from Frost & Sullivan recognizes Citrix
Online as the number two provider in revenue market share in the
worldwide web conferencing market. Its Citrix® GoToMeeting®,
GoToWebinar® and GoToTraining® offerings were cited for their core
strengths ─ easy-to-use products at a low price ─ as reasons the
company gained momentum and was the fastest growing provider among
all top SaaS web conferencing brands in 2009.1
“Citrix Online has been growing at a rapid pace over the last
several years,” stated Roopam Jain, principal analyst with Frost
& Sullivan’s North America Information & Communications
Technologies Practice. “We believe it is positioned well for
continued growth and penetration, especially within the SMB sector.
The addition of new services, such as GoToTraining for
organizations looking for a purpose-built training product, and
flexible audio features, such as Integrated Toll Free and VoIP, are
further strengthening its value proposition in the market.”
According to Frost & Sullivan, the market for global web
conferencing SaaS is forecasted to reach $4.12 billion by 2014 with
a 5-year compound annual growth rate (CAGR) of 19%. In 2009 the
global web conferencing SaaS market reached $1.09 billion. Factors
cited for driving growth include an increasingly virtual workplace
that requires communication across geographies, cost savings and
enhanced productivity associated with online meetings,
environmental concerns and the accelerated adoption of cloud
computing models. The firm notes that as the market matures ease of
deployment and use without requiring a learning curve become
increasingly important.
“We were pleased to learn that we were the only major provider
that grew market share in 2009,” said Brett Caine, general manager
of Citrix Online. “This tangible validation of our leadership in
web conferencing derives from our vision of combining just the
right features with ease of use and affordability. We’ll continue
to lead in this space as we innovate with new products and
capabilities that help our customers succeed.”
GoToMeeting is an easy-to-use, cost-effective and fast way to
meet, demonstrate products, and collaborate online. Anyone with a
Mac or PC and an Internet connection can host, attend, and
participate within seconds. GoToWebinar is the first do-it-yourself
webinar solution designed to be so simple to use that anyone can
conduct online events from their Mac or PC. New to the product
suite is GoToTraining, an easy to use, purpose-built online
training solution for businesses of all sizes. The service offers a
flat-fee subscription model for any number of sessions of any
length. With the addition of Integrated Toll-Free service from
Citrix Online Audio, participants in the same session can select
the audio option that is best for their needs, whether it be
toll-free, toll or VoIP.
For more information about Citrix Online, GoToMeeting,
GoToWebinar and GoToTraining, visit www.citrixonline.com,
www.gotomeeting.com, www.gotowebinar.com and
www.gototraining.com.
About Citrix
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of
virtual computing solutions that help companies deliver IT as an
on-demand service. Founded in 1989, Citrix combines virtualization,
networking, and cloud computing technologies into a full portfolio
of products that enable virtual workstyles for users and virtual
datacenters for IT. More than 230,000 organizations worldwide rely
on Citrix to help them build simpler and more cost-effective IT
environments. Citrix partners with over 10,000 companies in more
than 100 countries. Annual revenue in 2009 was $1.61 billion.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables
clients to accelerate growth and achieve best-in-class positions in
growth, innovation and leadership. The company's Growth Partnership
Service provides the CEO and the CEO's Growth Team with disciplined
research and best-practice models to drive the generation,
evaluation, and implementation of powerful growth strategies. Frost
& Sullivan leverages 49 years of experience in partnering
with Global 1000 companies, emerging businesses and the investment
community from more than 40 offices on six continents. To join our
Growth Partnership, please visit http://www.frost.com.
Citrix®, GoToMeeting®, GoToWebinar®, and GoToTraining®
are trademarks of Citrix Systems, Inc. and/or one or more of
its subsidiaries, and may be registered in the U.S. Patent and
Trademark Office and in other countries. All other trademarks and
registered trademarks are property of their respective owners.
1 Frost & Sullivan, “World Web Conferencing Hosted Services
Market,” Roopam Jain, August 2010.
http://www.frost.com/prod/servlet/report-toc.pag?repid=N7F6-01-00-00-00
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