( BW)(FL-CITRIX)(CTXS) Citrix Caps Year of Business and Industry Honors with Inclusion in S&P 500; Company Lauded for Rapid Growth, Internet Leadership and Technology Excellence
Business Editors
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 21, 1999--Citrix Systems, Inc. (Nasdaq:CTXS) capped a year of high-level industry and business recognition with inclusion in the Standard & Poor's 500 Index, a highly respected listing of U.S. companies from the Nasdaq National Market and the New York Stock Exchange. S&P 500 firms demonstrate leadership in their respective vertical markets. Citrix's achievements, which were honored by publications, analyst organizations and the financial community, included financial success, rapid growth, leadership in the Web arena and product excellence.
"The substantial recognition we received in 1999 confirms we have a winning strategy for providing businesses what they need: digital independence from the constraints and complexities traditionally associated with computing," said Mark Templeton, Citrix president and CEO. "The many awards and honors attest to our success in delivering fast, simple, widespread and inexpensive application access. Mainstream adoption of server-based computing and our integral role in the potentially huge Application Service Provider market are giant steps toward our vision of making applications universally accessible."
Citrix's growing impact in the business world was recognized by leading publications. Forbes ASAP named Citrix "America's Most Dynamic Software Company," while PC Magazine included it in its list of "100 Most Influential Companies." Acknowledging Citrix's key role in Internet technology, FORTUNE Magazine selected the company for its inaugural "FORTUNE e-50" index.
In the area of financial growth, Citrix moved from the S&P MidCap 400 to the S&P 500 Index in the Computer Software and Services category. Further, FORTUNE ranked Citrix in the top five fastest-growing companies, Business Week included it in its "Hot Growth Companies," and Inter@ctive Week named it to the "Fast 50" ranking. Citrix also received the Emerging Growth Award from the Association for Corporate Growth, a nonprofit corporate development organization.
Citrix MetaFrameTM and WinFrame(R) application server software won product awards in the U.S. and internationally. Open Systems Advisors, an industry analyst organization, presented Citrix MetaFrame 1.8 with a Crossroads A-List Award in the technology infrastructure category. The award honors the year's best new enterprise solutions. Computing, the UK's leading weekly information technology publication, selected MetaFrame as best networking solution for its role in advancing application deployment in the enterprise and providing organizations with "digital independence" - fast, flexible access to applications by anyone, anywhere. The Australian edition of Windows NT Magazine named both MetaFrame and WinFrame product of the year for 1999. Citrix MetaFrame won a "Codie" award from the Software & Information Industry Association in the category of "Best Enterprise Networking Tool."
About Citrix
Citrix Systems, Inc. is the global leader in application-server software and services that offer "Digital IndependenceTM" - the ability to run any application on any device over any connection, wireless to Web. Citrix's solutions enable organizations of all types, from major enterprises to emerging Application Service Providers (ASPs), to reach more users, with more applications, in more locations - and achieve this with record speed, greater predictability and lower costs. Founded in 1989, Citrix today is one of the world's fastest-growing software companies, with more than 100,000 customers worldwide, including 99 of FORTUNE 100 firms. Its products, including MetaFrameTM software and Independent Computing Architecture (ICA(R)), a core application-server technology, have been widely adopted by the corporate mainstream to achieve key business goals. The firm, which markets its solutions through value-added resellers, system integrators and OEM licensees, is headquartered in Fort Lauderdale, Fla. Citrix is traded on the Nasdaq National Market under the symbol CTXS and was recently named to the Standard & Poor's 500 Index. For more information, please visit the Citrix Web site at citrix.com
For Citrix Investors
Forward-looking statements in this release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release which are not strictly historical statements, including, without limitation, statements regarding current or future financial performance, management's plans and objectives for future operations, product plans and performance, management's assessment of market factors, as well as statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements which involve risks and uncertainties, including, without limitation, risks associated with the company's reliance upon its strategic relationships with Microsoft and other strategic partners, dependence upon broad-based acceptance of the company's ICA protocol, management of growth, market acceptance of new products or new versions of existing products, the possibility of undetected software errors, and dependence on proprietary technology, as well as risks of downturns in economic conditions generally, and in the software industry specifically, and risks associated with competition, competitive pricing pressures and year 2000 compliance efforts of the company and third parties on which the company is dependent. For a more detailed description of the risk factors associated with the company, please refer to the company's Annual Report on Form 10-K for the year ended December 31, 1998, on file with the Securities and Exchange Commission, and the company's Form 10-Q for the quarter ended September 30, 1999, on file with the Securities and Exchange Commission.
Citrix(R), WinFrame(R) and ICA(R) are registered trademarks of Citrix Systems, Inc. MultiWinTM and MetaFrameTM are trademarks of Citrix Systems, Inc. for which there are pending applications for registration in the U.S. Patent and Trademark Office. All other trademarks and registered trademarks are property of their respective owners.
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CONTACT: Citrix Systems, Inc., Fort Lauderdale
Robert Bartolotta, 954/267
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