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Innovative RingCube Technology Eliminates the Tradeoff Between User Personalization and Centralized IT Management
Santa Clara, Calif., August 10, 2011 - Citrix Systems today announced it has closed the acquisition
of RingCube, a leader in user personalization technology for virtual desktops. The innovative technology from RingCube accelerates virtual desktop adoption by eliminating the tradeoff between user personalization and centralized IT management. When combined with a desktop virtualization product like Citrix XenDesktop, RingCube makes it easier for IT to give each user a personalized virtual desktop, dramatically reduces the cost of storage, and simplifies the move from physical to virtual desktops. With the acquisition of RingCube, Citrix further solidifies its leadership position in desktop virtualization, helping enterprise customers transform traditional desktop management into a secure, flexible private desktop cloud service. The terms of the acquisition were not disclosed.
Quote Bob Schultz, Group Vice President and General Manager, Enterprise Desktops and Applications at Citrix
The acquisition of RingCube underscores our chief goal of enabling users to access their desktops and applications on any device, and making virtual desktops simple and affordable for IT. As customers take on enterprise-wide desktop transformation initiatives, Citrix is in the best position to provide a broad range of technology delivering multiple types of virtual desktops that satisfy every user in the enterprise. RingCube technology adds a significant capability to provide users and IT flexible, personal VDI desktops at a much lower cost.
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About Citrix
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of virtual computing solutions that help people work and play from anywhere on any device. More than 230,000 enterprises rely on Citrix to create better ways for people, IT and business to work through virtual meetings, desktops and datacenters. Citrix virtualization, networking and cloud solutions deliver over 100 million corporate desktops and touch 75 percent of Internet users each day. Citrix partners with over 10,000 companies in 100 countries. Annual revenue in 2010 was $1.87 billion.
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 others; the inability to further innovate our technology or enter into new businesses due to the intellectual property rights of others; changes in the companys pricing and licensing models, promotional programs and product mix, all of which may impact Citrix revenue recognition or those of its competitors; charges in the event of the impairment of assets acquired through business combinations, investments or 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 the companys 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.