Business Services Industry
Citrix NetScaler Gains Share in Web Application Delivery Market with Fastest Revenue Growth Rate Among Market Share Leaders
Business Wire, June 29, 2006
FORT LAUDERDALE, Fla. -- Citrix Systems, Inc. (Nasdaq: CTXS), the global leader in access infrastructure solutions, today announced market-leading growth in the $209M Application Delivery Controller (ADC) market according to a new report from Gartner titled "Market Share: Application Acceleration Equipment, Worldwide 1Q'06"(1). From Q405 to Q106 the Citrix(R) NetScaler(R) product line posted the highest overall growth rate of all the market share leaders named in the report based on worldwide market share. According to Gartner estimates, Citrix was one of only two vendors to increase in worldwide market share and revenue in both the overall Application Delivery Controller market (ADC)(2) and the Advanced Platforms ADC sub-segment (AP-ADC)(3).
The growing trend among enterprise customers to centralize servers and deploy web-enabled intranet applications has resulted in a strong demand for solutions that improve the performance, security and availability of these applications. The Citrix NetScaler solution is ideally suited to meet this demand by tightly integrating advanced traffic management capabilities with state-of-the-art application acceleration and security technology into a single easy-to-deploy network appliance. Additionally, since Citrix NetScaler's single, unified device takes the place of a number of point solutions, overall network infrastructures are simplified, and operational costs are reduced.
"The NetScaler product line has long been a technology leader in the market for advanced web application delivery systems," said Wes Wasson, vice president of marketing and product strategy, Application Networking Group, Citrix. "Since acquiring NetScaler less than one year ago, Citrix has continued to increase that technology leadership while dramatically expanding its market reach through the extensive Citrix worldwide distribution channel. With an estimated 75 percent of all Internet users now going through a Citrix NetScaler system each day, Citrix is well positioned to continue its success in this high-growth market."
Since completing the acquisition of NetScaler in August of 2005, Citrix has increased market share by expanding the reach of the NetScaler product line through its worldwide distribution channel - one of the most extensive and developed distribution channels in the industry. Additionally, market share gains have been influenced by the exposure of the NetScaler product line to the vast Citrix installed base, which counts more than 180,000 customers worldwide.
About Citrix NetScaler System
Citrix NetScaler System optimizes the delivery of web applications--improving performance up to 15x, increasing security, and potentially doubling web server capacity at half the cost --ensuring the best total cost of ownership (TCO), security, availability, and performance for web applications. Citrix NetScaler System is a comprehensive network system that combines high-speed load balancing and content switching with state-of-the-art application acceleration, layer 4-7 traffic management, data compression, static and dynamic content caching, SSL acceleration, numerous network optimizations, and robust application security into a single, tightly integrated solution. Deployed in front of application servers, the system significantly reduces processing overhead on application and database servers, reducing hardware and bandwidth costs.
About Citrix
Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader and most trusted name in on-demand access. More than 180,000 organizations around the world rely on Citrix to provide the best possible access experience to any application for any user. Citrix customers include 100% of the Fortune 100 companies and 98% of the Fortune Global 500, as well as hundreds of thousands of small businesses and individuals. Citrix has approximately 6,200 channel and alliance partners in more than 100 countries. Citrix annual revenues in 2005 were $909 million. 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 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 revenue growth and recognition of revenue, products, 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.
Citrix(R) and NetScaler(R) 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.
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