Citrix Signs Definitive Agreement to Acquire MDM Leader Zenprise

  Citrix Signs Definitive Agreement to Acquire MDM Leader Zenprise

  Addition of MDM Enables Citrix to offer the Industry’s Most Comprehensive
           Product Line for Managing Mobile Devices, Apps and Data

Business Wire

SANTA CLARA, Calif. -- December 05, 2012

Citrix today announced it has entered into a definitive agreement to acquire
Zenprise®, a leading innovator in mobile device management (MDM). Following
the close of the acquisition, Citrix intends to integrate the Zenprise
solution for mobile device management, with its Citrix CloudGateway™ and
Me@Work™ solutions for managing mobile apps and data. This powerful
combination will give Citrix the first solution in the industry for managing
mobile devices, apps and data from a single, integrated enterprise mobility
product line. This comprehensive approach can transform any organization into
a truly mobile enterprise with the security and control IT requires, the ease
of use and flexibility users desire, and the productivity business demands.
Subject to closing conditions including regulatory approval, Citrix
anticipates closing on the acquisition during the first quarter of 2013. The
terms of the acquisition were not disclosed.

The Best of BYO – Now with Security and Control

Today’s users want the freedom to use any device they choose, and access to
any app they need. A majority of CIOs have or will have a BYO policy for
smartphones and tablets in the next 12 months^1. Most companies, however, are
still concerned with mobile device and app security. In a world where users
can easily lose or leak sensitive corporate data through device loss or
insecure cloud-based data services, the need for mobile governance and
security is paramount. This presents IT with the twin challenges of giving
users the choice and freedom they want, while maintaining control over
corporate apps and data.

While there are many point products on the market today that address some of
these issues, none of them solve the full problem. As a result, organizations
are forced to deploy a mix of products from multiple vendors, often resulting
in complicated deployments, expensive overhead, and a poor user experience.
What is needed is a single, integrated enterprise mobility product line from a
trusted vendor that combines all the power of MDM, with the ability to manage
mobile apps and data across any mix of user devices. This is exactly what
Citrix and Zenprise intend to deliver as a result of this acquisition.

Delivering a Comprehensive Enterprise Mobility Solution

Over the past year, Citrix has rapidly expanded its mobile capabilities with
CloudGateway - offering a single control point to manage and securely deliver
native mobile apps, as well as Windows, Web and SaaS apps to any corporate or
personal device. In October, Citrix went a step further with its announcement
of Citrix Me@Work, a complete mobile app family built for business that
includes Citrix ShareFile™ for secure mobile data access, Citrix GoToMeeting®
for easy, integrated mobile collaboration, Podio™ for social team
collaboration, as well as new Citrix @WorkMail™ and @WorkWeb™ apps for secure
mobile email and web access. When MDM is combined with these mobile app and
data solutions, Citrix will become the first company to offer a mobile device,
app and data management in a single, integrated enterprise mobility product
line.

Quotes

Sumit Dhawan, Vice President and General Manager, Mobile Solutions at Citrix

“Consumerization and BYO have given rise to very difficult challenges for
businesses in enabling a productive, mobile workforce while still maintaining
tight controls over company information. Zenprise was a clear choice for
Citrix, with its leading MDM product, an experienced team, a history of
innovation, and a footprint on more than one million devices. With a complete
Citrix enterprise mobility solution, customers have all the necessary pieces
to manage and secure mobile apps, content and devices.”

Dr. Waheed Qureshi, Chairman and CTO, Zenprise

“This combination not only brings together incredibly complementary products,
but a shared culture of innovation. Citrix and Zenprise have each proven their
ability to deliver leading offerings in a fast-paced market. Together, we will
accelerate our ability to anticipate and exceed our customers’ expectations
for world-class enterprise mobility solutions.”

Amit Pandey, President and CEO, Zenprise

“Unlike most mobile device management vendors that just manage devices,
Zenprise is focused on next-generation MDM. This means making mobile apps
“business-ready” and keeping mobile content secure, while harmonizing IT needs
and the user experience. Zenprise has made it easy for businesses to put
mobile to work and our software is a great complement to the Citrix mobility
solutions.”

Related Links

  *Expert blog: What a Year for Citrix in Mobile – and Today, it got Better
  *Expert blog: A Shared Vision: Citrix and Zenprise Look Forward and Come
    Together to Deliver a Full-Stack Mobility Solution
  *Expert blog: With CloudGateway 2.5, Productivity and Security Take Center
    Stage
  *Video: Citrix Signs Definitive Agreement to Acquire Zenprise
  *Announcement: Citrix Boosts its Enterprise Mobility Solution with New
    @WorkMail and @WorkWeb Apps

Follow Us Online

  *CloudGateway product page
  *Twitter: @Citrix, @CitrixCG

About Citrix

Citrix (NASDAQ:CTXS) transforms how businesses and IT work and people
collaborate in the cloud era. With market-leading cloud, collaboration,
networking and virtualization technologies, Citrix powers mobile workstyles
and cloud services, making complex enterprise IT simpler and more accessible
for 260,000 organizations. Citrix products touch 75 percent of Internet users
each day and it partners with more than 10,000 companies in 100 countries.
Annual revenue in 2011 was $2.21 billion. Learn more at www.citrix.com.

For Citrix Investors

This release contains forward-looking statements which are made pursuant to
the safe harbor provisions of Section 27A of the Securities Act of 1933 and of
Section 21E of the Securities Exchange Act of 1934. The forward-looking
statements in this release do not constitute guarantees of future performance.
Investors are cautioned that statements in this press release, which are not
strictly historical statements, including, without limitation, statements by
Citrix and Zenprise executives concerning the proposed acquisition of
Zenprise; the anticipated growth of the mobility and mobile device management
market; Citrix’s position in the mobility and mobile device management market;
the anticipated timing of closing the acquisition; integration plans and
synergies; capabilities of certain of Zenprise’s technologies; Citrix’s
go-to-market and product integration plans; expectations for Zenprise and the
Citrix mobility group and management’s plans, objectives and strategies,
constitute forward-looking statements. Such forward-looking statements are
subject to a number of risks and uncertainties that could cause actual results
to differ materially from those anticipated by the forward-looking statements,
including, without limitation, the possibility that the acquisition of
Zenprise may not close; that the closing may be delayed or that the companies
may be required to modify aspects of the acquisition to obtain regulatory
approvals; the satisfaction of closing conditions to the acquisition; the
reaction of customers of Citrix and Zenprise to the proposed acquisition;
Citrix’s timing and ability to successfully support and integrate Zenprise’s
technologies, products, operations (including migration of Zenprise to Citrix
systems and controls) and employees; the introduction of new technologies and
products by competitors or the entry of new competitors into the markets for
Citrix and Zenprise technologies and products; the failure by Citrix to retain
key employees of Zenprise; failure to further develop and successfully market
Zenprise’s technologies and products, including failure to execute Citrix
sales and marketing plans and failure to successfully partner with key
distributors, resellers, original equipment manufacturers and strategic
partners; failure to achieve or maintain anticipated revenues and operating
performance contributions from Zenprise; failure to comply with federal, state
and international regulations; the impact of the global economy and
uncertainty in the IT spending environment; the success and growth of our
product lines; our product concentration and ability to develop and
commercialize new products and services while maintaining sales of our
established products; disruptions due to changes in key personnel and
succession risks; seasonal fluctuations in our business; our reliance on and
the success of partners for the marketing and distribution of Citrix products;
our ability to maintain and expand Citrix’s business in small sized and large
enterprise accounts; the size, timing and recognition of revenue from
significant orders; the success of investments in our product groups, foreign
operations and vertical and geographic markets; the management of anticipated
future growth; the recruitment and retention of qualified employees; risks in
effectively controlling operating expenses, including failure to manage
unexpected expenses; impairment of the value of our investments; the effect of
new accounting pronouncements on revenue and expense recognition; litigation
and disputes, including challenges to our intellectual property rights or
allegations of infringement of the intellectual property rights of third
parties; the inability to further innovate our technology due to the
intellectual property rights of third parties; changes in our pricing and
licensing models, promotional programs and product mix, all of which may
impact Citrix revenue recognition or those of our competitors; charges in the
event of the impairment of assets acquired through business combinations and
licenses; competition, international market readiness and execution risks;
unanticipated changes in tax rates or exposure to additional tax liabilities;
risks of political and social turmoil and other risks detailed in our filings
with the Securities and Exchange Commission. Citrix assumes no obligation to
update any forward-looking information contained in this press release or with
respect to the announcements described herein.

The development, release and timing of any products, services, features or
solutions, or functionality described for our products, services, features or
solutions, remains at our sole discretion and is subject to change without
notice or consultation. The information provided is for informational purposes
only and is not a commitment, promise or legal obligation to deliver any
material, code or functionality and should not be relied upon in making
purchasing decisions or incorporated into any contract.

Citrix®, CloudGateway™, Zenprise®, Me@Work™, @WorkMail™, @WorkWeb™,
Sharefile™, GoToMeeting® and Podio™ are trademarks or registered trademarks of
Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be
registered in the U.S. Patent and Trademark Office and in other countries.

¹”Assess Your Mobile Engagement Maturity,” Forrester Research, Inc., November
12, 2012

Contact:

Citrix
Karin Gilles, 408-790-8544
karin.gilles@citrix.com
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