History of Citrix Systems in Timeline

By Popular Timelines Editorial Team · Updated: March 30, 2025

Citrix Systems is a multinational cloud computing and virtualization technology company. They provide server, application, and desktop virtualization, along with networking, SaaS, and cloud computing technologies. Citrix reports a large customer base, claiming their products are used by over 400,000 clients globally, including a significant portion of Fortune 100 and 500 companies.

1997: Acquisition of DataPac

In 1997, Citrix acquired DataPac to utilize its technology and position in the Asia-Pacific region.

2004: Acquisition of ExpertCity

In 2004, Citrix acquired ExpertCity as part of its expansion strategy.

2005: Acquisition of NetScaler

In 2005, Citrix acquired NetScaler, marking a significant addition to its product portfolio.

2007: Acquisition of XenSource

In 2007, Citrix acquired XenSource, further expanding its virtualization capabilities.

2007: Connecting Broward County, Florida with Agogo, Ghana

In 2007, Citrix connected a Broward County, Florida, area with Agogo, Ghana, through donated technology and training.

2011: Acquisition of ShareFile

In 2011, Citrix acquired ShareFile, enhancing its data sharing and collaboration offerings.

2012: Donation of Cloudstack to the Apache Foundation

In 2012, Citrix donated Cloudstack to the Apache Foundation to continue its development and gain more contributors.

2013: Donation of Xen Hypervisor to the Linux Foundation

In 2013, Citrix gave Xen hypervisor to the Linux Foundation in order to continue its development and gain more contributors.

2014: Launch of "Project Code"

In 2014, Citrix's Raleigh office began a program called "Project Code", which leads Boys & Girls Clubs through coding exercises and teaches them about computer science.

2015: Citrix Acquisition Count

As of 2015, Citrix had acquired nearly 50 companies to expand its products, technologies, and services.

November 2018: Acquisition of Sapho

In November 2018, Citrix acquired Sapho, a software startup developing micro apps for workers, for $200 million.

2018: Product Name Changes Reflecting Cloud Operating Model

In 2018, Citrix changed the names of some of its products to represent its shift to a cloud operating model. The company stated that it made the name changes to present a unified product line. The company dropped its Xen and NetScaler brand names, renaming XenApp and XenDesktop to Citrix Virtual Apps and Desktops, XenMobile to Citrix Endpoint Management, ShareFile integration to Citrix Content Collaboration, and XenServer to Citrix Hypervisor. NetScaler products were rebranded with "Citrix ADC" for Application Delivery Controller.

2019: Citrix Revenue

In 2019, Citrix generated $3.01 billion in revenue.

2020: Fortune 1000 Ranking

In 2020, Citrix was ranked 779 on the Fortune 1000.

January 2021: Citrix Announces Intention to Acquire Wrike

In January 2021, Citrix announced its intention to acquire Wrike for $2.25 billion.

March 2021: Acquisition of Wrike Completed

In March 2021, Citrix completed the acquisition of Wrike.

October 2021: Henshall Steps Down, Calderoni Named Interim CEO

In October 2021, Henshall stepped down from the CEO position at Citrix, and Calderoni was again named as the interim CEO.

January 31, 2022: Citrix Acquired by Vista Equity Partners and Evergreen Coast Capital

On January 31, 2022, it was announced that Citrix had been acquired in a $16.5 billion deal by affiliates of Vista Equity Partners and Evergreen Coast Capital. Citrix would merge with TIBCO to form Cloud Software Group (CSG).

July 2022: Tom Krause Named CEO of Cloud Software Group

In July 2022, Citrix announced that Tom Krause would succeed Robert Calderoni as CEO following the merger. It was also reported that Citrix would go private as part of the deal.

July 2022: Krause Becomes CEO and Layoffs at Cloud Software Group

In July 2022, Tom Krause became chief executive officer of the Cloud Software Group. After Krause joined Cloud Software group it laid off 15 percent of its employees.

September 2022: Citrix Announces $4.55 Billion Cross-Border Term Loan

In September 2022, Citrix announced a $4.55 billion-equivalent cross-border term loan to back its $16.5 billion buyout by Vista Equity and Evergreen Coast Capital as part of the merger.

January 2025: Krause Involved with U.S. Treasury Department

In January 2025, Krause became involved with the U.S. Treasury Department as part of the Department of Government Efficiency (DOGE). He was assigned as a special government employee to review the federal payment system.

February 7, 2025: Krause Appointed Fiscal Assistant Secretary of the Treasury

On February 7, 2025, Krause was appointed as the Fiscal Assistant Secretary of the Treasury, succeeding Matthew Garber. Krause continued to work at Cloud Software Group, cited as a potential conflict of interest.