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Citrix Acquires Podio

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Ian MacCosley View Drop Down
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    Posted: Apr/11/2012 at 11:13am

Collaborative Work Platform Empowers Teams to Move from Simply Talking about Work to Getting It Done

Podio to Debut at Citrix Synergy in San Francisco, May 9--11

SANTA CLARA, Calif., Apr 11, 2012-- Citrix today announced it has completed the acquisition of Podio, an innovative, privately held company that offers a collaborative work platform which supports people and teams getting work done the way they want in a social setting. Podio’s unique apps concept adds structure and activity streams to any type of work and collaboration with teams, clients, in projects, and within functions such as sales, recruiting, marketing or any other area of business. A cloud service, Podio unifies the content, traditional business applications, and new mobile apps, as well as the real-time and asynchronous communications required to work in the post PC era. Podio is a natural extension of the Citrix collaboration business, providing today’s mobile and distributed workforce an easy, secure and social way to come together and work as teams. Podio will be part of the GoTo cloud services portfolio, which includes GoToMeeting. The terms of the acquisition were not disclosed.

Modern Work Styles Need Social Team Collaboration

The nature of work has changed; teams are global, dispersed, social, and mobile. Work now gets performed by distributed teams including employees, as well as contractors and partners outside the formal company. Combine these workforce changes with trends such as the consumerization of technology and Bring Your Own (Device, App and/or Service) and businesses must rethink the way work is carried out. A critical requirement is to empower teams to collaborate, create, manage and share with an increasingly mobile workforce who work outside of the traditional office environment. Early social collaboration tools and networks served as catalysts to improve engagement and visibility among distributed organizations, customers and partners by providing immediate comment and feedback on posted content. Podio builds on these initial approaches, offering a more robust cloud-based platform where people collaborate and do actual work utilizing social elements. For example, real-time status updates, or providing the ability to link to, share, manage tasks, comment and give feedback are now part of business processes. Teams are able to create new social workflows that can be simply captured as social-enabled apps, providing better ways of working, and improving productivity as a result.

Supporting the Way Teams Want to Work

Podio enables small and medium-sized businesses and teams within larger organizations to manage all types of business processes and associated workflows using pre-assembled apps from Podio’s free app market. In addition, its innovative technology empowers users to create their own preferred workflows and social collaboration activities that best suit their projects and the way they want to work. The collaborative work platform also integrates easily, or can be embedded, with other services that may be standard in their business. These include traditional enterprise or business solutions as well as today’s popular cloud-based data storage, online collaboration and content tools including Box, Campaign Monitor, Dropbox, Evernote, FreshBooks, Google Apps, Google Docs, Google Alerts, Instapaper and Zendesk.

Advancing Citrix Collaboration Strategy

Citrix GoTo cloud services are market-leading and award-winning products that help businesses move faster and more efficiently by powering today’s new and emerging work styles -- enabling people to connect, share and collaborate regardless of location or device. Podio brings to Citrix a collaborative work platform for teams in a social setting; the ability to integrate with traditional applications and new apps; a robust, free app market; the means to extend and modify existing apps, or create new ones in support of contemporary work flows; and a talented team with the same values and passion for improving the way work is done in the cloud era.

Learn More about Podio by Attending Citrix Synergy in San Francisco

Citrix will reveal more of its plans for Podio and its collaboration strategy at Citrix Synergy™ San Francisco, May 9--11, 2012.

Quotes

“This acquisition represents an exciting new chapter in our collaboration business. Podio extends our ability to provide a simple, secure and ‘works for everyone’ collaborative work platform in this post-PC era,” said Brett Caine, SVP and GM for Citrix Online Services Division. “The Podio technology is a powerful and innovative solution that is a natural fit with the Citrix portfolio and will help foster amazing innovation in the workplace. We are also excited about having the Podio team as part of our organization. They are an extraordinarily talented and visionary group, who share our passion for improving the way work is done.”

“From the start, Podio has been focused on creating an experience that would be more than an online place to talk about work but a platform customers trust to actually help them work as teams to get work done -- 24/7. The extraordinary adoption we saw in just one year validates the pent up demand for better ways for teams to collaborate,” said Tommy Ahlers, CEO of Podio. “With a shared vision and culture that is synergistic, Citrix can help us scale to meet demand at a speed that would not be possible otherwise.”

Related Links

-- Citrix Extends Its Commitment to the Mobile Workstyles Revolution

-- Citrix Positioned as a Leader in Magic Quadrant Report for Web Conferencing

-- Citrix Unveils “Follow Me Data” Fabric to Enable the Personal Cloud

-- Citrix Expands “GoTo” Cloud Services Business in Europe

Availability

Customers can continue to access Podio via www.podio.com .

Follow us online

-- www.citrix.com and www.citrixonline.com

-- Twitter: @Citrix, @CitrixOnline, @Podio, @GoToMeeting, @GoToWebinar, @GoToTraining, @GoToMyPC, @GoToAssist, @Sharefile

-- Citrix on Facebook, GoToMeeting on Facebook, GoToWebinar on Facebook, GoToTraining on Facebook, GoToMyPC on Facebook, GoToAssist on Facebook

-- Workshifting blog: http://workshifting.com

About Citrix

Citrix /quotes/zigman/55934/quotes/nls/ctxs CTXS +1.68% transforms how businesses and IT work and people collaborate in the cloud era. With market-leading cloud, collaboration, networking and virtualization technologies, Citrix powers mobile work styles and cloud services, making complex enterprise IT simpler and more accessible for 260,000 organizations. Citrix products touch 75 percent of Internet users each day and it partners with more than 10,000 companies in 100 countries. Annual revenue in 2011 was $2.21 billion. Learn more at www.citrix.com .

Citrix Online Services Division provides a portfolio of GoTo cloud services that enable people to work from anywhere with anyone by providing simple-to-use cloud-based collaboration, remote access and IT support solutions for every type of business. Whether using GoToMeeting to hold online meetings, GoToWebinar to conduct larger web events, GoToTraining to train customers or employees, GoToMyPC to access and work on a remote Mac® or PC, GoToAssist to provide IT support and management or ShareFile to securely share files, documents and data, businesses and individuals are increasing productivity, decreasing travel costs and improving sales, training and service on a global basis. For more information, visit www.citrixonline.com .

For Citrix Investors

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Investors are cautioned that statements in this press release, which are not strictly historical statements, including, without limitation, statements by the company and its executives concerning the acquisition of Podio; integration plans; capabilities of certain of its services; and management’s plans, objectives and strategies, constitute forward-looking statements. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by the forward-looking statements, including, without limitation, the reaction of customers of Citrix and Podio to the acquisition; Citrix timing and ability to successfully support and integrate Podio’s services, operations (including migration of Podio to Citrix systems and controls) and employees; the introduction of new products and services by competitors or the entry of new competitors into the markets for Citrix and Podio products and services; the failure by Citrix to retain key employees of Podio; failure to further develop and successfully market Podio’s technology and services, including failure to execute Citrix sales and marketing plans; failure to achieve or maintain anticipated revenues and operating performance contributions from Podio; the risks associated with securing data and maintaining security of customer files stored by the Podio services, including the impact of any actual or perceived data breach; failure to comply with federal, state and international regulations; the impact of the global economy and uncertainty in the IT spending environment, including Citrix European markets; the success and growth of the company's product lines; the company's product concentration and its ability to develop and commercialize new products and services while maintaining sales of its established products; disruptions due to changes in key personnel and succession risks; seasonal fluctuations in the company's business; the company's reliance on and the success of partners for the marketing and distribution of the company's products; the company's ability to maintain and expand its business in small sized and large enterprise accounts; the size, timing and recognition of revenue from significant orders; the success of investments in its product groups, foreign operations and vertical and geographic markets; the management of anticipated future growth; the recruitment and retention of qualified employees; risks in effectively controlling operating expenses, including failure to manage unexpected expenses; impairment of the value of the company's investments; the effect of new accounting 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 third parties; the inability to further innovate our technology due to the intellectual property rights of third parties; changes in the company's 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 and 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 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.

The development, release and timing of any products, services, features or functionality described for our products or services remain at our sole discretion and are 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.

Citrix®, Citrix Synergy™, GoToMeeting®, GoToWebinar®, GoToTraining®, GoToMyPC®, GoTo Assist®, ShareFile® and Podio™ are trademarks or registered 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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Iscari View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Iscari Quote  Post ReplyReply Direct Link To This Post Posted: Apr/23/2012 at 10:05am
That seems like a very smart pick up for Citrix, I feel that Podio will go very well with the other services currently offered by Citrix.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote arwendt Quote  Post ReplyReply Direct Link To This Post Posted: Apr/23/2012 at 5:18pm
I have been pretty impressed with their picks over the years. In my opinion this is a company that will live or die by it's acquisitions.
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