Tuesday, November 17, 2015

Citrix to Spinoff GoTo Products, Restructure Core Business

Citrix Systems will spinoff its GoTo family of products into a separate public company as part of an organizational restructuring aimed at renewing its focus on core products.

Citrix plans to increase emphasis and resources to core enterprise products for secure and reliable application and data delivery, including XenApp, XenDesktop, XenMobile, ShareFile and NetScaler. The company will end investment in certain other products and programs, in some cases moving technologies into strategic products, in other cases providing an orderly end-of-life to non-core products.


As part of the restructuring, Citrix will eliminate about 1,000 full-time and contract roles, excluding the effect of spinning off the GoTo business.

"We are simplifying our business in all areas - product, marketing, sales, operations and development," said Bob Calderoni, interim CEO and president, and executive chairman. "Focusing on our core strengths and simplifying how we work with customers and partners will help us improve execution, drive higher profit and begin investing for growth in areas in which we provide the greatest customer value."

http://www.citrix.com

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