Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Citrix Systems
Companies and corporations

How the American company Citrix Systems conducts its activities

10.05.2022
2 min read

History of Citrix Systems, main products

Citrix Systems Inc. is an American company that develops software and solutions in the field of cloud applications. It was founded in 1989 by former IBM employee Ed Iacobucci. The business started with five engineers and an investment of $3 million.
The company was originally called Citrus, but then had to change its name after a trademark infringement lawsuit. Some time after that Citrix concentrated its forces on the development of thin clients, which were used for remote access to the servers. In 2001, the company joined forces with ExpertCity and Sequoia Software, and together they developed a technology that provides a set of services for remote access.
By acquiring other developers, Citrix expanded its capabilities in the segment of virtualization of personal computers and servers. This allowed the company to significantly expand its customer base and provide them with various tools for conducting business. The company’s products have created an ideal platform for technology development and creation of cloud solutions.
Citrix has a number of areas that develop their own products, one of which is the GoTo division and its applications GoToAssist, GoToMyPC and others.American company Citrix SystemsIn 2016, the company announced a merger with LogMeIn after both parties became equal owners of GoTo. This deal was a success for LogMeIn – the collaboration with Citrix professionals allowed them to improve their products and make them more versatile.
Citrix management has chosen mergers and acquisitions as its expansion strategy. Throughout its history, more than 50 companies have been acquired, making a significant contribution to the expansion of the product line and its development. Thanks to such actions, the developer has managed to take leading positions in the market and expand its influence in several sectors, while there is no significant diversification in the business structure.
The first absorption deal took place in 1997, when Citrix acquired DataPac from Australia. In this way, the company entered the market in the Asia-Pacific region. Through multiple influences, Citrix was able to develop and launch important products that were of strategic importance. Among them Expercity, which became a basis for development and expansion of GoTo-Netscaler suite of applications. In 2007, the company acquired XenSource, and later presented XenApp and XenDesktop products. In 2018, Cedexis joined Citrix, whose developments have improved the efficiency of cloud solutions. In the same year, the deal with Sapho took place, which cost $200 million, after which the business was rebranded and most internal processes were optimized.

Tags: Companies and corporations
0
Previous Post What tasks web analytics helps to solve: an overview of popular services Next Post Who is David Dodd: biography of the famous American economist

You Might Also Like

UPS1
Companies and corporations
How UPS appeared, which provides express delivery services around the world
22.09.2021
DowDuPont
Companies and corporations
DowDuPont Corporation: from gunpowder production to industrial safety solutions
11.10.2022
Dow Chemical Company
Companies and corporations
Chemical industry giant: The Dow Chemical Company
14.02.2021
Google
Companies and corporations
Interesting facts about Google Corporation
31.12.2022
Liqui Moly
Companies and corporations
Liqui Moly: development of the German automotive additive manufacturer
19.02.2022
History of Nokia
Companies and corporations
Nokia’s history: from paper production to cell phone market leader
01.11.2021

Recent Posts

  • 1Brookfield
    Brookfield and Closed Loop create the largest recycling company in the U.S.
    30.01.2023
  • 2Bybit
    Cryptocurrency exchange Bybit provided information about the volume of stored assets
    29.01.2023
  • 3Apple Search
    Apple Corporation is working on its own search engine, Apple Search
    28.01.2023
  • 4Tom Ford brand
    Estee Lauder made a deal to buy the fashion brand Tom Ford
    27.01.2023
  • 5Golden Visa
    The Golden Visa program has brought Portugal more than 6 billion euros during its existence
    26.01.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • John Schnatter: founder of the famous Papa John’s restaurant chain

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Brookfield
Brookfield and Closed Loop create the largest recycling company in the U.S.
30.01.2023
Bybit
Cryptocurrency exchange Bybit provided information about the volume of stored assets
29.01.2023
Apple Search
Apple Corporation is working on its own search engine, Apple Search
28.01.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • John Schnatter: founder of the famous Papa John’s restaurant chain
  • Finam analyst: when to expect a sharp rise in the ruble
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics