QuoteBob Schultz, Group Vice President and General Manager, Enterprise Desktopsand Applications at Citrix
“The acquisition of RingCube underscores our chief goal of enabling users to access their desktops andapplications on any device, and making virtual desktops simple and affordable for IT. As customers take onenterprise-wide desktop transformation initiatives, Citrix is in the best position to provide a broad range of technology delivering multiple types of virtual desktops that satisfy every user in the enterprise. RingCubetechnology adds a significant capability to provide users and IT flexible, personal VDI desktops at a much lowercost.”
Follow Us Online
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 forpeople, 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 75 percent of Internetusers each day. Citrix partners with over 10,000 companies in 100 countries. Annual revenue in 2010 was$1.87 billion.
For Citrix Investors
The forward-looking statements in this release do not constitute guarantees of future performance. Investors arecautioned that statements in this press release, which are not strictly historical statements, including, withoutlimitation, statements by the company concerning the acquisition of RingCube Technologies; integration plans;new capabilities of certain of its products; its plans to expand certain of its technologies and platforms to includeenhanced capabilities; the company’s markets; and management’s plans, objectives, strategies and assessmentsof market factors, constitute forward-looking statements. Such forward-looking statements are subject to anumber 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 RingCubeto the acquisition; Citrix timing and ability to successfully integrate RingCube’s technology, products, operations(including migration of RingCube to Citrix systems and controls) and employees; the introduction of new products and technology by competitors or the entry of new competitors into the markets for Citrix andRingCube products and technology; the failure by Citrix to retain key employees of RingCube; failure to furtherdevelop and successfully market RingCube’s technology and products, including failure to execute Citrix salesand marketing plans and failure to successfully partner with key distributors, resellers, OEM’s and strategicpartners; failure to achieve or maintain anticipated revenues and operating performance contributions fromRingCube; the impact of the global economy and uncertainty in the IT spending environment, including CitrixEuropean markets; the success and growth of the company’s product lines, including risks associated withsuccessfully introducing new products into Citrix distribution channels; the company’s product concentrationand its ability to develop and commercialize new products and services while maintaining sales of its establishedproducts; disruptions due to changes in key personnel and succession risks; seasonal fluctuations in thecompany’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 largeenterprise 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 controllingoperating expenses, including failure to manage unexpected expenses; the effect of new accounting