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.
In 1997, Citrix acquired DataPac to utilize its technology and position in the Asia-Pacific region.
In 2004, Citrix acquired ExpertCity as part of its expansion strategy.
In 2005, Citrix acquired NetScaler, marking a significant addition to its product portfolio.
In 2007, Citrix acquired XenSource, further expanding its virtualization capabilities.
In 2011, Citrix acquired ShareFile, enhancing its data sharing and collaboration offerings.
In 2012, Citrix donated Cloudstack to the Apache Foundation to continue its development and gain more contributors.
In 2013, Citrix gave Xen hypervisor to the Linux Foundation in order to continue its development and gain more contributors.
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.
As of 2015, Citrix had acquired nearly 50 companies to expand its products, technologies, and services.
In November 2018, Citrix acquired Sapho, a software startup developing micro apps for workers, for $200 million.
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.
In 2019, Citrix generated $3.01 billion in revenue.
In 2020, Citrix was ranked 779 on the Fortune 1000.
In January 2021, Citrix announced its intention to acquire Wrike for $2.25 billion.
In March 2021, Citrix completed the acquisition of Wrike.
In October 2021, Henshall stepped down from the CEO position at Citrix, and Calderoni was again named as the interim CEO.
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).
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.
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.
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.
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.
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.
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