Citrix 2009 Annual Report Download - page 11

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PART I
This Annual Report on Form 10-K contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Actual results could differ materially from those set forth in the forward-looking
statements. Certain factors that might cause such actual results to differ materially from those set forth in
these forward-looking statements are included in Part I, Item 1A “Risk Factors” beginning on page 14.
ITEM 1. BUSINESS
General
Citrix Systems, Inc. is a Delaware corporation founded on April 17, 1989. We design, develop and market
technology solutions that enable information technology, or IT, services to be securely delivered through our
virtual computing infrastructure on demand – independent of location, device or network. Our customers achieve
lower IT operating costs, increased information security, and greater business agility using Citrix technologies
that virtualize business meetings, user support, client hardware, desktop operating systems, applications,
networks, server hardware and cloud services. We market and license our products directly to enterprise
customers, over the web, and through systems integrators, or SIs, in addition to indirectly through value-added
resellers, or VARs, value-added distributors, or VADs, and original equipment manufacturers, or OEMs.
Business Overview
Our long-term vision is to enable people to work or play – anywhere. For over two decades, we have
passionately pursued this vision through successive waves of invention. The first wave, beginning in the early-
1990’s, enabled secure remote access to mission critical applications for thousands of road warriors. This
required the invention of a new way to “transmit” application screens allowing applications to be virtualized
instead of installed on the user’s personal computer, or PC, even over very thin network connections. IT
administrators found that virtualized applications on a central server made them more secure, faster running,
easier to update and much more accessible. The shifting of computing to servers also allowed the invention of
thin-clients and network computers powered by Citrix client and server technologies. Since the early 1990’s we
have become a leading provider of server-based computing solutions and our products have been accepted by
thousands of organizations as strategic infrastructure for user mobility.
In the early 2000’s, we turned our focus toward new market opportunities created by the massive
connectivity of the internet, rapid expansion of network bandwidth, and an explosion of device form factors such
as smartphones, tablet PCs, and netbooks. In parallel, customers began to realize the increasing value of mobility
technologies like remote access, web collaboration and remote support tools. We also believe that there are
similar opportunities emerging in the datacenter to address high operating costs, inflexible infrastructure, and
new application architectures.
These opportunities have been the driving forces behind our second wave of invention, building on our core
ideas and technologies for virtualizing applications – extending them to adjacent product and technology
markets. Since 2004, we have focused our investments on a broader array of technologies, strategic acquisitions
and new business models. This has expanded our core capabilities beyond application virtualization to include
desktop, client, and server virtualization. It has also made Citrix a leading manufacturer of network appliances,
and one of the largest providers of software-as-a-service, or SaaS, in the world.
Today, Citrix serves over 230,000 customers and over 100 million users every day in over 100 countries.
Citrix products and services allow people to collaborate, communicate and work virtually anywhere – using any
device they choose. Our virtual computing infrastructure IT services are securely delivered on demand, and we
believe our datacenter computing resources are simpler, lower cost, and more efficient.
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