Citrix history

Citrix brought out Multiuser version 2.0 in 1992, and also came out with a network software support service called A+ Server Series.

Revenue for 1992 was $1.8 million, and the company had about 50 employees.

In 1993, Citrix purchased the product “Netware Access Server” from Novell.

By 1995, Citrix had made enough of a name for itself to venture a public stock offering.

While Citrix proclaimed itself quite happy with the new arrangement with Microsoft, others in the computer industry saw the 1997 licensing agreement as the beginning of the end.

The company opened new headquarters in Fort Lauderdale in 1997 to house its 300 employees.

Revenues for 1997 were $124 million, but the company's market capitalization was enormous, at $2.2 billion.

None of this naysaying seemed to prevent Citrix from growing even more rapidly after the 1997 agreement.

Citrix has expanded and added new products, technologies, and services through a number of acquisitions. Its first acquisition was DataPac in 1997, which Citrix purchased in order to utilize DataPac's technology and its position in the Asia-Pacific region.

In 1998, Mark Templeton became the CEO of Citrix after serving as vice president of marketing.

The thin-client model seemed to really take off in 1999.

ASP technology was only beginning to be viable by 1999, but it seemed like the next big thing, and Citrix was already on top of it.

Citrix's CEO, Mark Templeton, predicted that revenue for Citrix would reach $5 billion within five years, as information technology managers increasingly switched to server and Web-based computing systems. It had sold its systems to huge, well-known companies such as Sears, Roebuck and AT&T. Its revenue had jumped over 60 percent over 1999, to $403 million, and it seemed poised for a further spurt of growth.

A sudden drop in stocks in 2000 led to Iacobucci leaving the company and CEO Mark Templeton being demoted to president and senior executive officer.

In 2001, it came out with a new software, MetaFrame XP for Windows, and it won awards for this and for its Nfuse product.

The server software market was expected to grow to $60 billion in total sales by 2002, and Citrix already had a 40 percent share of the so-called application management segment of that market.

Less than a year later, Templeton was back at the helm. It planned to release a new Web-based software, which it had gained through Sequoia, in early 2002.

Citrix purchased XenSource in 2007, which marked the entry of company into the field of desktop and server virtualization.

In 2008, the company changed the name of its Presentation Server product line to XenApp.

In August 2010, Citrix announced a partnership with Google to bring the company's products to Chrome OS devices.

Furthermore, the company's Raleigh office began a program called "Project Code" in 2014, which leads youth from local Boys & Girls Clubs through coding exercises and teaches them about computer science.

In July 2015, the company announced several changes to its board of directors, including Robert Calderoni's becoming executive chairman and adding Jesse Cohn as a senior partner of activist hedge fund Elliott Management.

In December 2015, Citrix employed approximately 9,500 people, but noted that its November restructure was due to eliminate nearly 700 full-time jobs.

As of 2015, Citrix has acquired nearly 50 companies.

Aimee Catalano, vice president of Alliance Marketing wing of Citrix was selected as the Women of Influence 2015, by Silicon Valley Buisness Journal.

In 2016, as part of a US$1.8 billion product deal with LogMeIn, Citrix spun off the GoTo product line into a new business entity, entitled GetGo.

In 2017, Citrix completed the merger of GetGo with LogMeIn's products.