- Business
- Citrix Systems, Inc. (ticker: 0HYR.L) is a leading provider of cloud computing and virtualization technologies, delivering secure digital workspace solutions that enable remote access to applications, desktops, and data across devices and networks; its core offerings include Citrix Virtual Apps and Desktops for application and desktop virtualization, Citrix DaaS for desktop-as-a-service, Citrix ADC (formerly NetScaler) for application delivery controllers, load balancing, and secure gateways, Citrix Analytics for security and performance monitoring, ShareFile for content collaboration and file sharing, Citrix Endpoint Management (formerly XenMobile) for mobile device management, and Citrix Cloud for unified management of workspaces, networking, and SaaS services such as Podio for collaboration and OpenVoice for audio conferencing. Founded in 1989 in Richardson, Texas, and headquartered in Fort Lauderdale, Florida, the company operates globally with development centers and subsidiaries in the United States, Canada, Denmark, Germany, India, the United Kingdom, Australia, and Japan, serving over 400,000 clients including 99% of the Fortune 100 and 98% of the Fortune 500 through direct sales, value-added resellers, and systems integrators targeting enterprises, IT professionals, and small-to-medium businesses in industries such as finance, healthcare, and public sectors. Following its acquisition by Vista Equity Partners and Evergreen Coast Capital in September 2022 and merger with TIBCO Software to form Cloud Software Group, Citrix spun off its ADC business as the standalone NetScaler entity under the same parent; recent strategic expansions include the December 2024 acquisitions of deviceTRUST GmbH for real-time contextual access in VDI/DaaS environments and strong.network SA for secure cloud development with zero-trust data protection, followed by the January 2025 acquisition of Unicon GmbH to enhance endpoint OS management, sustainability, and hybrid work scalability, reinforcing its focus on cyber resilience and unified client experiences.