Citrix Systems today announced it has completed the acquisition
of ShareFile1, a market leading provider of secure, cloud-based
data storage, sharing and collaboration. The ShareFile product line
makes it easy for businesses of all sizes to securely store, sync
and share business documents and files, both inside and outside the
company. ShareFile’s centralized cloud storage capability also
allows users to share files across multiple devices and access them
from any location. The terms of the acquisition were not
disclosed.
From Personal Computers to Personal Clouds
In the PC Era, data was typically stored on a single personal
computer, accessed from a physical office, and shared via flash
drives or email. As the industry transitions to the Cloud Era, an
increasingly mobile workforce is demanding easy access to data that
is untethered from offices and devices, and easy to share and
collaborate securely with others. These trends are giving rise to
the concept of a “personal cloud” – the aggregation of apps, data,
preferences and friends that are unique to each individual
employee, and move seamlessly across any device or location.
Based on industry estimates, Citrix expects the personal cloud
market to be a multi-billion dollar opportunity by 2015, fueled by
trends such as cloud computing, faster bandwidth, email limitations
and the consumerization of IT. Citrix is leading the charge to
empower these users, delivering “follow-me-desktops” and
“follow-me-apps” to more than 100 million people every day, across
a wide variety of business and consumer devices. With the
acquisition of ShareFile, Citrix is adding “follow-me-data”
capabilities to its portfolio, allowing business users to access
their documents and files from anywhere, share them across multiple
devices and collaborate easily with colleagues.
Citrix Cloud Data Strategy
The acquisition of ShareFile brings to Citrix a powerful new
technology platform and a talented team with deep experience in
data services and cloud computing. ShareFile CEO, Jesse Lipson,
will become vice president and general manager of the newly-formed
Data Sharing product group at Citrix. This group will be
responsible for the ShareFile product line, as well as enabling the
Citrix “follow-me-data” strategy. Taking a platform approach to
data will enable Citrix to:
- Make common data services like search,
share, sync, secure, authenticate, open and preview available to a
wide range of applications, services and use cases through a set of
open APIs.
- Extend secure data sharing services to
new and existing apps stored in public and private clouds and
accessed from millions of different business and consumer
devices.
- Connect data seamlessly to the way
people collaborate today, ensuring that the right documents and
files are always accessible when needed, and always up to
date.
Citrix Synergy Barcelona
Citrix will reveal more of its plans for ShareFile and the
follow-me-data platform strategy at Citrix Synergy™ Barcelona,
October 26-28.
Quotes
Mark Templeton, President and CEO, Citrix Systems,
Inc.
“This is a highly strategic acquisition that enables Citrix to
deliver all three of the critical components for the personal cloud
– collaboration, apps and data – with amazing accessibility and
productivity on any device. Our follow-me-data strategy means data
will be shared (1) across people, (2) across apps and (3) across
devices. As customers and partners build on this platform, they
will be able to easily add follow-me-data services to their
software, leverage the data that other apps store there, and
instantly inherit all the management, mobility and scalability
that’s in the ShareFile infrastructure.”
Jesse Lipson, CEO, ShareFile
“Joining the Citrix team will provide a great home to the
thousands of ShareFile corporate customers, serving millions of
users worldwide. The combination of Citrix and ShareFile will also
help spur incredible new innovation around the role of data in the
new Cloud Era workplace.”
Follow us Online:
- Twitter: @Citrix, @ShareFile
About Citrix
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of
virtual computing solutions that help people work and play from
anywhere on any device. More than 230,000 enterprises rely on
Citrix to create better ways for people, IT and business to work
through virtual meetings, desktops and datacenters. Citrix
virtualization, networking and cloud solutions deliver over 100
million corporate desktops and touch approximately 75 percent of
Internet users each day. Citrix partners with over 10,000 companies
in 100 countries. Annual revenue in 2010 was $1.87 billion. Learn
more at www.citrix.com.
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 by the company and its executives concerning
the acquisition of ShareFile; integration plans; capabilities of
certain of its services; its plans to expand certain of its
technologies and platforms to include enhanced capabilities; the
company’s markets; and management’s plans, objectives, strategies
and assessments of market factors, 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 ShareFile to the acquisition; Citrix timing
and ability to successfully support and integrate ShareFile’s
services, operations (including migration of ShareFile to Citrix
systems and controls) and employees; the introduction of new
products and services by competitors or the entry of new
competitors into the markets for Citrix and ShareFile products and
services; the failure by Citrix to retain key employees of
ShareFile; failure to further develop and successfully market
ShareFile’s technology and services, including failure to execute
Citrix sales and marketing plans; failure to achieve or maintain
anticipated revenues and operating performance contributions from
ShareFile; the risks associated with securing data and maintaining
security of customer files stored by the ShareFile services,
including in an environment of anticipated higher demand; failure
to comply with federal, state and international regulations; the
impact of the global economy and uncertainty in the IT spending
environment, including Citrix European markets; the success and
growth of the company's product lines, including risks associated
with successfully introducing the ShareFile services into existing
products and services of Citrix and Citrix distribution channels;
the company's product concentration and its ability to develop and
commercialize new products and services while maintaining sales of
its established products; disruptions due to changes in key
personnel and succession risks; seasonal fluctuations in the
company's business; the company's reliance on and the success of
partners for the marketing and distribution of the company's
products; 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 product groups, foreign operations and vertical
and geographic markets; the management of anticipated future
growth; the recruitment and retention of qualified employees; risks
in effectively controlling operating expenses, including failure to
manage unexpected expenses; impairment of the value of the
company's investments; the effect of new accounting pronouncements
on revenue and expense recognition; litigation and disputes,
including challenges to our intellectual property rights or
allegations of infringement of the intellectual property rights of
third parties; the inability to further innovate our technology due
to 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 revenue recognition
or those of its competitors; charges in the event of the impairment
of assets acquired through business combinations and licenses;
competition, international market readiness and execution risks;
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.
The development, release and timing of any products, services,
features or functionality described for our products or services
remains at our sole discretion and is subject to change without
notice or consultation. The information provided is for
informational purposes only and is not a commitment, promise or
legal obligation to deliver any material, code or functionality and
should not be relied upon in making purchasing decisions or
incorporated into any contract.
Citrix® and Citrix Synergy™ are trademarks or registered
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 ShareFile is the dba for Raleigh, N.C.-based Novel Labs,
Inc.
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