citrix

Jesse Lipson, the entrepeneur who started and then sold Sharefile to Citrix Systems where he became a senior executive, plans to leave that company in March and start a new venture. David Rani of The News and Observer in Raleigh reported Lipson’s career moves Tuesday afternoon. The story was first reported by the Triangle Business Journal’s Lauren Ohnesorge. Lipson sold ShareFile to Citrix in 2011 for $54 million but stayed onboard to lead the ShareFile business unit of Citrix. Under his guidance, Citrix steadily grew its presence in Raleigh and even built a new headquarters for the group in...

Citrix, which provides virtualization, mobility management, networking and cloud services to enable new ways to work, has expanded its ShareFile headquarters in Raleigh, creating 400 new jobs with a $5 million investment, according to the City of Raleigh Office of Economic Development and the Economic Development Partnership of North Carolina (EDPNC). The decision to expand in Wake County resulted from months of ongoing collaboration between Citrix ShareFile, the City of Raleigh, WCED, Wake County, Wake Technical Community College, Capital Area Workforce Development Board, and the EDPNC. Based in Raleigh, N.C., Citrix ShareFile helps businesses exchange files easily, securely and...

Cloud computing and file-sharing software firm Citrix (Nasdaq: CTXS) plans to expand its Raleigh operations, creating 400 jobs over the next five years, officials said Thursday. Citrix said it will invest $5 million in the expansion. The company already employs about 800 people in downtown Raleigh. “Citrix is committed to investing in the tech innovation that is shaping the Raleigh community,” Jesse Lipson, corporate vice president and general manager, said in a statement. “This partnership is a reflection of the culture of innovation within our company.” The average annual salary of the new jobs will be at least $73,325,...

Florida-based Citrix Systems Inc. , which bought Triangle cloud company Sharefile, reported third quarter earnings of $1.32 a share, Wednesday, beating consensus estimates of $1.19 by 13 cents. The company had revenue of $841.30 million in the quarter, up 3.4 percent year over year and topping estimates of $827.21 million. Its cloud-based services grew 28 percent to $35 million, the bulk coming from Raleigh-based ShareFile, according to Citrix CFO and COO David Henshall following release of the quarterly report. “Our strong results this quarter show clearly how our renewed focus is resonating in the marketplace,” said Kirill Tatarinov, CEO...

Citrix Systems, which bought Raleigh-based ShareFile in 2011 and has more than 600 employees in the city, is merging its GoTo business with LogMeIn. Citrix shareholders will get LogMeIn shares worth $1.8 billion. The merger comes instead of the spinoff of GoTo as a public company that Citrix previously announced. Most people who do business online have used one or both services. LogMeIn products include: LastPass, LogMeIn, and BoldChat and Rescue. The combined company, led by LogMeIn CEO Bill Wagner, will have 2 million customers and more than $1 billion in annual revenue. Citrix will own 50.1 percent of...

Editor’s note: Citrix, which has a major presence in Raleigh where its Citrix business group is based, is emerging from a year-long reorganization with a new portfolio of products and revised strategy, say Technology Business Research analysts Geoff Woollacott and Andrew Smith. HAMPTON, N.H. – Citrix has emerged from a restructuring program that began in July 2015 and called for operating margin expansion, headcount reduction and realigning the company’s portfolio to prioritize digital transformation initiatives. Per the restructuring announcement, Citrix plans to spin out its GoTo business (minus ShareFile) later this year, eliminated or sold several noncore products (including...

Editor’s note: Citrix, which has a major presence in Raleigh where its ShareFile operation is based, is showing new life. Its first quarter 2016 earnings report reflects revenue growth being driven by its recent reorganization and consolidation as well as a refocused portfolio, writes Sanjay Medvitz of Technology Business Research. HAMPTON, N.H. – Citrix (Nasdaq: CTXS) drove revenue growth of 9% and expanded operating margin to 13% in 1Q16 as it managed its transformation initiatives. The vendor cited strong performance from its NetScaler and ShareFile solutions, demonstrating its successful portfolio adaptation toward becoming a SaaS and cloud services provider....