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Citrix Systems (NASDAQ: CTXS) has achieved Common Criteria Certification for its Citrix ADC™ version 12.1, recognized as secure in over 30 countries. This certification simplifies procurement for public sector professionals, enabling faster purchasing aligned with their regulations.
The Common Criteria Certification program, endorsed by over 30 countries, ensures IT products meet rigorous security standards. Citrix has multiple certifications, demonstrating its commitment to delivering secure and reliable digital workspace solutions.
Wrike, a subsidiary of Citrix (CTXS), launched the Cloud Content Connector at SXSW 2022. This universal API allows seamless integration of various digital asset management (DAM) solutions with Wrike's platform, enhancing workflow efficiency for creative teams. The connector enables two-way synchronization, reducing time wasted on app toggling and version control issues. It also pairs with various DAM partners, including MediaValet, Bynder, and Tenovos, to facilitate streamlined marketing and creative operations. This innovation aims to address the growing demand for integrated digital collaboration tools amidst the shift to remote work.
Citrix will showcase its work management platform, Wrike, at SXSW 2022 from March 11-20 in Austin, Texas. The event marks the first in-person SXSW since 2019, aimed at empowering digital creatives. Attendees can explore product demos, engage with Wrike experts, and enjoy creative experiences, including guest appearances. Over one million users from 20,000 organizations rely on Wrike for enhancing project management efficiency. The company anticipates that the event will underline its commitment to supporting creativity through powerful automation.
Markerstudy Group successfully transitioned to a cloud-based infrastructure using Citrix Virtual Apps and Desktops and IGEL OS, enabling 1,500 employees to work securely from home during the pandemic. The transition occurred within two weeks, demonstrating rapid adaptation to remote work. Citrix's services improved security and operational efficiency, while IGEL OS standardized device management. This move aligns Markerstudy with over 400,000 global companies leveraging Citrix for enhanced worker productivity and security.
Citrix Systems (NASDAQ: CTXS) has been recognized as a leading provider of cloud-based software for hybrid work, ranking 80th on the Cloud 500 list by Apps Run the World. As organizations adapt to flexible work models, Citrix continues to deliver comprehensive digital workspace solutions, ensuring secure access to applications globally. More than 400,000 companies trust Citrix for reliable and secure digital workspace technology, demonstrating its significant role in the evolving hybrid work landscape.
União Brasileira de Educação Católica (UBEC) is utilizing Citrix's desktop-as-a-Service (DaaS) solution to enhance hybrid learning for over 25,000 students and 2,700 employees in Brazil. The cloud-based solution simplifies access to vital educational resources, improving user experience and operational efficiency. Citrix's technology has bolstered security through Zero Trust Network Access, providing tailored access for users while mitigating risks. The transition to Citrix has resulted in a more stable environment, leading to significant productivity gains and streamlined IT operations.
Wrike, now part of Citrix (CTXS), announces enhanced security features exceeding enterprise-grade standards. New capabilities include Space Level Delegation, allowing admins to control user access effectively, and Locked Spaces, which ensure data privacy within isolated workgroups. Additionally, Customizable User Types enable granular control over user permissions. Wrike has also achieved compliance with significant international security standards, including SOC2 and ISO certifications, bolstering its commitment to data security in a remote work environment.
Citrix Systems has been recognized in G2's inaugural Best Security Products of 2022 list, showcasing their Virtual Apps and Desktops solution. G2's ranking is based on extensive user feedback and highlights Citrix's commitment to delivering secure access to critical applications in the growing remote and hybrid work environment. This recognition reflects Citrix's strong market presence and customer satisfaction. The company serves tens of thousands of customers, including 99% of the Fortune 500, reaffirming its reputation for providing reliable access to enterprise applications.
Citrix has entered into an agreement with Vista Equity Partners and Evergreen Coast Capital Corporation to be acquired for $16.5 billion, including debt. Shareholders will receive $104.00 per share, a 30% premium over its unaffected price. The acquisition aims to accelerate Citrix's SaaS transformation and enhance its platform for secure hybrid work. The merger with TIBCO Software will create a global leader in digital workspace and analytics, serving 400,000 customers worldwide, including 98% of Fortune 500 companies.
Citrix Systems, Inc. (NASDAQ:CTXS) reported Q4 2021 revenue of $851 million, a 5% increase from Q4 2020. However, annual revenue decreased by 1% to $3.22 billion. Q4 net income was $103 million ($0.81 per share), down from $112 million ($0.89 per share) in the previous year. The company incurred $103 million in restructuring charges. Annual net income fell to $307 million from $504 million in 2020. Citrix announced it will not hold an earnings call nor provide guidance due to its acquisition by Elliott Investment Management and Vista Equity Partners.
