Arrow Electronics and Citrix Sign Strategic Citrix Service Provider Distribution Agreement for North America and EMEA

Rhea-AI Summary

Arrow Electronics and Citrix have announced a strategic distribution agreement for North America and EMEA, effective Oct. 1, 2024. Arrow will manage sales, marketing, and technical support for service provider channel partners using fewer than 2,000 Citrix licenses. This move aims to provide greater enablement, flexibility, and support for partners in managing Citrix licenses.

The collaboration builds on Arrow's existing relationship with Citrix and aligns with Citrix's goal of creating a robust, channel-focused strategy. Citrix, now part of Cloud Software Group, will continue to focus on product development, engineering, and support of solutions available to all channel partners. For partners not directly impacted, Citrix plans to invest more deeply in joint go-to-market strategies.

Positive

• Strategic distribution agreement expands Arrow's role in Citrix's service provider channel
• Potential for increased revenue and market share for Arrow in North America and EMEA
• Enhanced support and flexibility for Citrix service provider partners

Negative

• None.

CENTENNIAL, Colo. & FORT LAUDERDALE, Fl.--(BUSINESS WIRE)-- Global technology provider Arrow Electronics (NYSE: ARW) and Citrix, a business unit of Cloud Software Group, Inc., today announced a strategic distribution agreement. As part of the agreement, Arrow will assume responsibility for sales, marketing and technical support for all service provider channel partners consuming fewer than 2,000 Citrix licenses across North America and Europe. The strategic arrangement will commence on Oct. 1, 2024.

Arrow has a long-standing relationship with Citrix. This new model will provide service provider channel partners previously managed under Citrix’s service provider programs with greater enablement, flexibility and support in how they consume and manage their Citrix licenses.

Eric Nowak, president of Arrow’s global enterprise computing solutions business, said, “Arrow is committed to exploring new models of engagement within the channel. Building on our experience and past success with Citrix, whose solutions are trusted by thousands of organizations worldwide, we are perfectly positioned to take responsibility for supporting this key segment.”

Ethan Fitzsimons, vice president and head of global channels for Citrix, said, “Citrix is committed to building an improved channel-centric approach designed for growth and scaling our business globally. Citrix will continue to focus on and invest in product development, engineering, and support of the suite of solutions available to all our channel partners and work closely with Arrow to support and deliver these solutions to channel partners and their customers.”

Citrix became part of Cloud Software Group in 2022 and has made several changes to the Citrix channel program this year, including moving to an annually committed model. This long-term collaboration will allow for greater partner-specific investment and align with Citrix's goal of creating a robust, channel-focused strategy.

For channel partners not directly impacted by this change, Citrix will invest more deeply and in a more focused manner in their joint go-to-market strategies, helping to ensure continued world-class support and technology.

About Arrow Electronics

Arrow Electronics (NYSE: ARW) sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2023 sales of $33 billion, Arrow’s portfolio enables technology across major industries and markets. Learn more at arrow.com.

About Citrix

Citrix, a business unit of Cloud Software Group, provides a secure app and desktop delivery platform that companies of all sizes can use to enable secure flexible work. With Citrix, employees can work where and how they prefer, and IT can be confident their information and devices remain safe. Click here to learn more about Citrix solutions and the value they can provide.

Citrix, NetScaler, and the Citrix logo are trademarks or registered trademarks of Cloud Software Group, Inc. and/or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240829178892/en/

Arrow Electronics Contact:

Thorsten Hecking

thorsten.hecking@arrow.com

Citrix Media Contact:

David Rodriguez

David.Rodriguez1@cloud.com

Source: Citrix

FAQ

When does the Arrow Electronics and Citrix distribution agreement take effect for ARW stock?

The strategic distribution agreement between Arrow Electronics (ARW) and Citrix is set to commence on October 1, 2024.

What regions are covered by the Arrow Electronics and Citrix distribution agreement for ARW?

The distribution agreement covers North America and Europe, Middle East, and Africa (EMEA) regions for Arrow Electronics (ARW).

How many Citrix licenses will Arrow Electronics (ARW) manage under the new agreement?

Arrow Electronics (ARW) will manage service provider channel partners consuming fewer than 2,000 Citrix licenses under the new agreement.

What responsibilities will Arrow Electronics (ARW) assume in the Citrix distribution agreement?

Arrow Electronics (ARW) will assume responsibility for sales, marketing, and technical support for Citrix service provider channel partners under the agreement.