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Citrix Sees Growing Demand for Industry-Tailored File Sharing Solutions

Financial, Legal, Accounting and Construction Firms Entrust Their Documents to ShareFile

SANTA CLARA, Calif.--(BUSINESS WIRE)--Citrix (NASDAQ: CTXS) today announced strong momentum for ShareFile with more than 60% revenue growth during the first half of 2014. Sterling National Bank and US Capital Partners are among the businesses that have selected ShareFile to help streamline their document workflows while complying with industry regulations.

“Magic Quadrant for Enterprise Mobility Management Suites”

Industry-Tailored Solutions Drive Adoption

To cater to the unique requirements of specific industries, Citrix has introduced features and services such as ShareFile Archiving for Financial Services and ShareFile Virtual Data Room that help professionals collaborate while avoiding costly fines associated with failure to meet regulatory requirements. ShareFile has also enabled customers to encrypt data with their own keys since the release of StorageZones in 2012.

“While cloud-based solutions are often viewed as cost-advantage value-adds, when vendors like Citrix go deeper to offer more verticalized capabilities, the result is customer operational transformation,” said Christopher Chute, Research Director, IDC.

When private investment bank US Capital Partners needed a secure cloud portal to underwrite investments, report to investors and collaborate on mergers and acquisitions, it turned to ShareFile Virtual Data Room. “We needed a solution designed for venture capital and private equity professionals to vet highly sensitive deals and organize confidential information for bidders,” said Jeffrey Sweeney, CEO and Managing Director, US Capital Partners. “We selected ShareFile Virtual Data Room for its financial-grade security and encryption, advanced analytics and real-time notifications. Since rolling out ShareFile to employees, we have advanced advisor productivity and client relations through faster response times.”

Simplifying Document Management

Citrix, the only company to be named a leader in both the Gartner Magic Quadrants for Enterprise Mobility Management Suites1 and Enterprise File Synchronization and Sharing2, has combined product innovation with integrations in popular industry-specific applications to simplify document management. These integrations allow customers to use ShareFile in their current workflows, such as contract approvals, with their favorite apps, including:

  • Financial and Legal: iManage, OpenText, RedTail, Trumpet, Worldox
  • Accounting: QuickBooks Online, FreshBooks, Xero
  • Construction: Basecamp, Basepin, BidPlanroom, Bluebeam, Contractors4you, FotoIN, PlansandSpecs

To learn more about ShareFile, please visit: http://www.sharefile.com/industries. Or join us at Insider’s Forum (September 9-11, 2014 in Dallas) and the Financial Planning Association Annual Conference (September 20-22, 2014 in Seattle, Booth T13).

Quote:

Jesse Lipson, Vice President, Citrix

“Our customers’ workstyles inform every design choice we make. People no longer just want to access their documents; they want a mobile workspace that allows them to swiftly take care of business whenever and wherever. That’s why we are laser focused on designing around document workflows – from creation to execution – and meeting our customers’ industry-specific requirements.”

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About the Gartner Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Citrix

Citrix (NASDAQ: CTXS) is a leader in mobile workspaces, providing virtualization, mobility management, networking and cloud services to enable new ways to work better. Citrix solutions power business mobility through secure, personal workspaces that provide people with instant access to apps, desktops, data and communications on any device, over any network and cloud. This year Citrix is celebrating 25 years of innovation, making IT simpler and people more productive. With annual revenue in 2013 of $2.9 billion, Citrix solutions are in use at more than 330,000 organizations and by over 100 million users globally. 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. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's 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 features or functionality described for our products 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.

© 2014 Citrix Systems, Inc. All rights reserved. Citrix, ShareFile and StorageZones are 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. All other trademarks and registered trademarks are property of their respective owners.

1 Gartner “Magic Quadrant for Enterprise Mobility Management Suites” by Terrence Cosgrove, Rob Smith, Chris Silva, Bryan Taylor, John Girard, Monica Basso, June 3, 2014

2 Gartner “Magic Quadrant for Enterprise File Synchronization and Sharing” by Monica Basso, Jeffrey Mann, Charles Smulders, July 2, 2014

Contacts

Citrix
Lori Shen, 408-790-8715
lori.shen@citrix.com
Twitter: @CitrixPR