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Citrix Signs Definitive Agreement to Acquire MDM Leader Zenprise
SANTA CLARA, Calif. --(Business Wire)--
Citrix today announced it has entered into a definitive agreement to
acquire Zenprise®,
a leading innovator in mobile device management (MDM). Following the
close of the acquisition, Citrix intends to integrate the Zenprise (News - Alert)
solution for mobile device management, with its Citrix
CloudGateway™ and Me@Work™
solutions for managing mobile apps and data. This powerful combination
will give Citrix the first solution in the industry for managing mobile
devices, apps and data from a single, integrated enterprise mobility
product line. This comprehensive approach can transform any organization
into a truly mobile enterprise with the security and control IT
requires, the ease of use and flexibility users desire, and the
productivity business demands. Subject to closing conditions including
regulatory approval, Citrix anticipates closing on the acquisition
during the first quarter of 2013. The terms of the acquisition were not
disclosed.
The Best of BYO - Now with Security and Control
Today's users want the freedom to use any device they choose, and access
to any app they need. A majority of CIOs have or will have a BYO policy
for smartphones and tablets in the next 12 months1. Most
companies, however, are still concerned with mobile device and app
security. In a world where users can easily lose or leak sensitive
corporate data through device loss or insecure cloud-based data
services, the need for mobile governance and security is paramount. This
presents IT with the twin challenges of giving users the choice and
freedom they want, while maintaining control over corporate apps and
data.
While there are many point products on the market today that address
some of these issues, none of them solve the full problem. As a result,
organizations are forced to deploy a mix of products from multiple
vendors, often resulting in complicated deployments, expensive overhead,
and a poor user experience. What is needed is a single, integrated
enterprise mobility product line from a trusted vendor that combines all
the power of MDM, with the ability to manage mobile apps and data across
any mix of user devices. This is exactly what Citrix and Zenprise intend
to deliver as a result of this acquisition.
Delivering a Comprehensive Enterprise Mobility Solution
Over the past year, Citrix has rapidly expanded its mobile capabilities
with CloudGateway - offering a single control point to manage and
securely deliver native mobile apps, as well as Windows, Web and SaaS (News - Alert)
apps to any corporate or personal device. In October, Citrix went a step
further with its announcement of Citrix Me@Work, a complete mobile app
family built for business that includes Citrix ShareFile™ for secure
mobile data access, Citrix GoToMeeting® for easy, integrated mobile
collaboration, Podio™ for social team collaboration, as well as new
Citrix @WorkMail™ and @WorkWeb™ apps for secure mobile email and web
access. When MDM is combined with these mobile app and data solutions,
Citrix will become the first company to offer a mobile device, app and
data management in a single, integrated enterprise mobility product line.
Quotes
Sumit Dhawan, Vice President and General Manager, Mobile Solutions at
Citrix
"Consumerization and BYO have given rise to very difficult challenges
for businesses in enabling a productive, mobile workforce while still
maintaining tight controls over company information. Zenprise was a
clear choice for Citrix, with its leading MDM product, an experienced
team, a history of innovation, and a footprint on more than one million
devices. With a complete Citrix enterprise mobility solution, customers
have all the necessary pieces to manage and secure mobile apps, content
and devices."
Dr. Waheed Qureshi, Chairman and CTO, Zenprise
"This combination not only brings together incredibly complementary
products, but a shared culture of innovation. Citrix and Zenprise have
each proven their ability to deliver leading offerings in a fast-paced
market. Together, we will accelerate our abilityto anticipate and
exceed our customers' expectations for world-class enterprise mobility
solutions."
Amit Pandey, President and CEO, Zenprise
"Unlike most mobile device management vendors that just manage devices,
Zenprise is focused on next-generation MDM. This means making mobile
apps "business-ready" and keeping mobile content secure, while
harmonizing IT needs and the user experience. Zenprise has made it easy
for businesses to put mobile to work and our software is a great
complement to the Citrix mobility solutions."
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About Citrix
Citrix (NASDAQ:CTXS) transforms how businesses and IT work and people
collaborate in the cloud era. With market-leading cloud, collaboration,
networking and virtualization technologies, Citrix powers mobile
workstyles and cloud services, making complex enterprise IT simpler and
more accessible for 260,000 organizations. Citrix products touch 75
percent of Internet users each day and it partners with more than 10,000
companies in 100 countries. Annual revenue in 2011 was $2.21 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 Citrix and Zenprise executives
concerning the proposed acquisition of Zenprise; the anticipated growth
of the mobility and mobile device management market; Citrix's position
in the mobility and mobile device management market; the anticipated
timing of closing the acquisition; integration plans and synergies;
capabilities of certain of Zenprise's technologies; Citrix's
go-to-market and product integration plans; expectations for Zenprise
and the Citrix mobility group and management's plans, objectives and
strategies, 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
possibility that the acquisition of Zenprise may not close; that the
closing may be delayed or that the companies may be required to modify
aspects of the acquisition to obtain regulatory approvals; the
satisfaction of closing conditions to the acquisition; the reaction of
customers of Citrix and Zenprise to the proposed acquisition; Citrix's
timing and ability to successfully support and integrate Zenprise's
technologies, products, operations (including migration of Zenprise to
Citrix systems and controls) and employees; the introduction of new
technologies and products by competitors or the entry of new competitors
into the markets for Citrix and Zenprise technologies and products; the
failure by Citrix to retain key employees of Zenprise; failure to
further develop and successfully market Zenprise's technologies and
products, including failure to execute Citrix sales and marketing plans
and failure to successfully partner with key distributors, resellers,
original equipment manufacturers and strategic partners; failure to
achieve or maintain anticipated revenues and operating performance
contributions from Zenprise; failure to comply with federal, state and
international regulations; the impact of the global economy and
uncertainty in the IT spending environment; the success and growth of
our product lines; our product concentration and ability to develop and
commercialize new products and services while maintaining sales of our
established products; disruptions due to changes in key personnel and
succession risks; seasonal fluctuations in our business; our reliance on
and the success of partners for the marketing and distribution of Citrix
products; our ability to maintain and expand Citrix's business in small
sized and large enterprise accounts; the size, timing and recognition of
revenue from significant orders; the success of investments in our
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 our 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 our pricing
and licensing models, promotional programs and product mix, all of which
may impact Citrix revenue recognition or those of our 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 our 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 solutions, or functionality described for our products, services,
features or solutions, 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®, CloudGateway™, Zenprise®, Me@Work™, @WorkMail™, @WorkWeb™,
Sharefile™, GoToMeeting® and Podio™ are trademarks or registered
trademarks of Citrix Systems (News - Alert), 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.
ยน"Assess Your Mobile Engagement Maturity," Forrester (News - Alert) Research, Inc.,
November 12, 2012
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