Citrix Accelerates Cloud Data Strategy with Acquisition of ShareFile
Market Leading Provider of Secure, Cloud-Based Document Sharing to Form Foundation of Citrix “Follow-Me-Data” Platform
Citrix Systems today announced it has completed the acquisition of ShareFile(1), 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.
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.”
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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.
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(1) ShareFile is the dba for Raleigh, N.C.-based Novel Labs, Inc.