Citrix Systems Ipo March 200

Citrix systems ipo march 200

Citrix ADM and Hybrid Multi Cloud

Bangalore: Citrix Systems, Inc., a global leader in application delivery infrastructure, today announced it plans to invest around USD 200 mn in the second R & D facility opened here today, over the next five years.

The NASDAQ-listed, USD 1.2 bn company expects to add 500 engineers in the new facility in the next five years, and will house teams performing core development across the Citrix Delivery Centre product line.

Based on the full cycle of development work, the new 110,000 square feet facility handles all aspects of research including design, coding, functional testing, documentation, engineering, management and escalation, officials said.

"It will enhance Citrix's ability to create synergies across its various product lines by tapping into the growing pool of engineering talent available in India", he company's Senior Vice-President and Chief Financial Officer, David J Henshall, told a press conference here.

The new centre will work in the areas of application networking, desktop and application virtualisation, 3-D graphics, multi-media an voice-over IP technologies.

In addition to product development, the centre would also provide customers with sales and technical support, as well as offer market analysis, testing and quality assurance.

Henshall said the company aims to double the sales from Asia Pacific region from the current level of 10 pc of the overall revenues, in the next five years.

Company officials said sales in India has recorded a compounded annual growth rate of 33 pc in the last five years. In fact, sales in India grew by 47 pc in the last calendar year, and by 120 pc in the first quarter (Jan-March) of this year, they said.

Citrix systems ipo march 200