Citrix Closes Acquisition of Netviewer
February 15 2011 - 1:00AM
Business Wire
Citrix Systems, Inc. (NASDAQ: CTXS) today announces that it has
closed the acquisition of Netviewer AG, a leading, privately held
European Software-as-a-Service (SaaS) vendor in collaboration and
IT services. As announced on December 17, 2010, Netviewer will
become part of Citrix Online, the online services division of
Citrix Systems. The acquisition will accelerate Citrix Online’s
global expansion and extend its SaaS leadership in Europe.
Netviewer’s Robert Gratzl has been appointed vice president and
general manager for Citrix Online in EMEA (Europe, Middle East and
Africa) and will oversee an operation that will be one of the
leading SaaS-based organizations in Europe specializing in
collaboration and IT services. Netviewer's Karlsruhe office will
remain an important center for Citrix Online's operations in the
region, driving expansion in Central and Southern Europe. Citrix
Online will continue to serve and support Netviewer’s more than
18,000 customers, located primarily in Germany and continental
Europe, which complements Citrix Online’s current strength in the
UK, Ireland and the Nordics.
For more information on Citrix, visit
http://www.citrix.com/.
For more information on Citrix Online services, visit
http://www.citrixonline.com/.
Related links:
- Citrix Online to Acquire Netviewer
- Citrix Online Accelerates European
Expansion
- GoToMeeting and GoToWebinar Raise
Citrix Online to #2 in Global Web Conferencing Market
- Citrix Online Rated Best Overall Web
Conferencing Experience by Users, Again, According to Wainhouse
Research
- Workshifting.com
- Twitter: @citrixonline, @workshifting,
@GoToMeeting, @GoToWebinar, @GoToTraining, @GoToAssist,
@GoToManage
About Citrix Systems
Citrix Systems ("Citrix") 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 more than 10,000 companies in
more than 100 countries. Annual revenue in 2010 was $1.87
billion.
For Citrix Investors
This release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance.
Investors are cautioned that statements in this press release,
which are not strictly historical statements, including, without
limitation, statements concerning Citrix’ SaaS leadership in EMEA
and its global expansion, and future organizational structure and
operations, constitute forward-looking statements. Such
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from those anticipated by the forward-looking statements,
including, without limitation, the reaction of customers of Citrix
and Netviewer to the acquisition; Citrix's timing and ability to
successfully integrate Netviewer's products, operations (including
migration of Netviewer to Citrix's systems and controls) and
employees; the introduction of new products by competitors or the
entry of new competitors into the markets for Citrix's and
Netviewer's products; the failure by Citrix to retain key employees
of Netviewer; failure to further develop and successfully market
Netviewer's technology and products, including failure to execute
Citrix's sales and marketing plans and to achieve or maintain
anticipated revenues and profits; the impact of the global economy
and uncertainty in the IT spending environment, including Citrix's
European markets; the company's ability to maintain and expand its
business in small sized and large enterprise accounts; the size,
timing and recognition of revenue from significant orders; the
success of investments in its products, foreign operations and
vertical and geographic markets; the management of anticipated
future growth; risks in effectively controlling operating expenses,
including failure to manage unexpected expenses; the effect of new
accounting pronouncements on revenue and expense recognition;
litigation, including litigation challenging Citrix or Netviewer
intellectual property rights or alleging the infringement of the
intellectual property rights of third parties; changes in the
company's pricing and licensing models, promotional programs and
product mix, all of which may impact Citrix's revenue recognition
or those of its competitors; charges in the event of the impairment
of assets acquired through business combinations; competition and
other risks associated with the markets for Citrix's SaaS
collaboration and IT services; unanticipated changes in tax rates
or exposure to additional tax liabilities; risks of political and
social turmoil; and other risks detailed in the company's filings
with the Securities and Exchange Commission. Citrix assumes no
obligation to update any forward-looking information contained in
this press release or with respect to the announcements described
herein.
About Netviewer
Netviewer is Europe's leading producer and provider of web
conferencing solutions. Founded in Karlsruhe, Germany, in 2001, the
company currently employs more than 220 people. Netviewer enables
Internet users to share their screen display live, so as to jointly
edit texts, calculations, graphics and other documents. Visual
real-time communication over the Internet enables businesses to
reduce their travel times and costs, as well as to improve
productivity. Moreover, users are actively contributing towards the
protection of the climate and the natural environment.
These advantages are being enjoyed by more than 18,000
corporations and mid-size companies from 68 different
countries.
Citrix® is a trademark 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.
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From May 2024 to Jun 2024
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From Jun 2023 to Jun 2024