Citrix Signs Agreement With Microsoft; Agreement Provides Citrix With Continued Access to Key Microsoft Code
Business Editors & High-Tech Writers
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–May 16, 2002
Citrix Systems, Inc. (Nasdaq:CTXS), a global leader in virtual workplace software and services, announced today that it has reached an agreement to formalize continued access to Microsoft(R) Windows(R) Server code.
In 1997, Microsoft and Citrix entered into an agreement whereby Citrix developed technology for Microsoft that is now part of the Windows server operating systems. Bob Kruger, senior vice president, product development and chief technology officer for Citrix, said today’s agreement is a logical next step in Citrix’s relationship with Microsoft.
“This deal does not extend the 1997 agreement,” Kruger said. “Rather it ensures that Citrix will continue to have access to new Windows releases in the future. It also demonstrates Microsoft’s recognition of the value Citrix solutions add to the Microsoft platforms.”
Citrix will have access to current and future Microsoft server operating systems including access to Terminal Server interfaces for three years. Citrix(R) MetaFrame(R) application serving software works with and adds value to the Windows server operating systems.
The program agreement does not include financial payments to or from either party.
Conference Call Information
Citrix will host a conference call today at 8:30 a.m. EDT to discuss the details of the agreement. The conference call may be accessed via webcast at http://www.citrix.com/investors or by dialing 888/799-0519 or 706/634-0155, using passcode: CITRIX. A replay of the conference call will be available through May 24, 2002, by dialing 800/642-1687 or 706/645-9291 (passcode required: 4234355) and via webcast at http://www.citrix.com/investors.
Citrix Systems, Inc. is a global leader in virtual workplace software and services that provide access to applications, information, processes and people on any device, over any network, anywhere, anytime. Citrix makes today’s digital office completely virtual – instead of having to go to your office, the office follows you. Working with the world’s top industry, integration and consulting partners, Citrix delivers enterprise-ready solutions to business challenges including application deployment, remote office connectivity, workforce mobility and business continuity. More than 120,000 companies worldwide use Citrix Solutions for the Virtual Workplace to give users more mobility, give IT organizations more flexibility and reduce the cost of computing.
Citrix offers two families of products that enable virtual access to information: Application Server software, including MetaFrame XP(TM), MetaFrame for Windows and MetaFrame for UNIX(R); and Access Portal software, including NFuse(R) Elite and NFuse Classic. The company markets its products through a well-established indirect channel comprising more than 7,000 resellers, integrators and consultants. In fiscal 2001, the company had net revenues of $591.6 million. Citrix is traded on the Nasdaq Stock Market(SM) under the symbol CTXS, and is part of the Standard and Poor’s 500 Index. Citrix is headquartered in Fort Lauderdale, Fla. For more information, please visit the Citrix Web site at http://www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions 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 regarding planned product introductions, management’s plans, objectives and strategies, and management’s assessment 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, acceptance of the company’s MetaFrame and portal software product line; the company’s product concentration and its ability to develop and commercialize new products and services; the company’s success in expanding into new geographic and vertical markets; the company’s ability to expand its core business in large enterprise accounts; the size, timing and recognition of revenue from significant orders and other revenue recognition changes; increased competition, including potential competition from Microsoft and other companies; the results of the company’s new licensing programs; changes in the company’s pricing policies or those of its competitors, including Microsoft; the costs and risks of developing, acquiring, or integrating new technologies or enhancements to existing products; the risks associated with third party licensing arrangements; the company’s reliance upon its strategic relationships with Microsoft and other strategic partners; management of growth and higher operating expenses; the possibility of undetected software errors; dependence on proprietary technology; charges in the event of the impairment of assets; the maintenance of the company’s growth rate; as well as risks of downturns in economic conditions generally, and in the software industry specifically, 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.
Citrix(R), MetaFrame(R), MetaFrame XP(TM) and NFuse(R) are registered trademarks or trademarks of Citrix Systems, Inc. in the U.S. and other countries. Microsoft(R), Windows(R), and Windows NT(R) are registered trademarks of Microsoft Corporation. All other trademarks and registered trademarks are property of their respective owners.
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