GoToMeeting and GoToWebinar Raise Citrix Online to #2 in Global Web Conferencing Market

Published on Thursday, 02 September 2010 08:10 Written by TradersHuddle Staff

SANTA BARBARA, Calif.-( Business Wire )-

Citrix Online, a division of Citrix Systems (NASDAQ: CTXS), said today that a new report from Frost & Sullivan recognizes Citrix Online as the number two provider in revenue market share in the worldwide web conferencing market. Its Citrix^® GoToMeeting^®, GoToWebinar^® and GoToTraining^® offerings were cited for their core strengths ─ easy-to-use products at a low price ─ as reasons the company gained momentum and was the fastest growing provider among all top SaaS web conferencing brands in 2009.¹

“Citrix Online has been growing at a rapid pace over the last several years,” stated Roopam Jain, principal analyst with Frost & Sullivan’s North America Information & Communications Technologies Practice. “We believe it is positioned well for continued growth and penetration, especially within the SMB sector. The addition of new services, such as GoToTraining for organizations looking for a purpose-built training product, and flexible audio features, such as Integrated Toll Free and VoIP, are further strengthening its value proposition in the market.”

According to Frost & Sullivan, the market for global web conferencing SaaS is forecasted to reach $4.12 billion by 2014 with a 5-year compound annual growth rate (CAGR) of 19%. In 2009 the global web conferencing SaaS market reached $1.09 billion. Factors cited for driving growth include an increasingly virtual workplace that requires communication across geographies, cost savings and enhanced productivity associated with online meetings, environmental concerns and the accelerated adoption of cloud computing models. The firm notes that as the market matures ease of deployment and use without requiring a learning curve become increasingly important.

“We were pleased to learn that we were the only major provider that grew market share in 2009,” said Brett Caine, general manager of Citrix Online. “This tangible validation of our leadership in web conferencing derives from our vision of combining just the right features with ease of use and affordability. We’ll continue to lead in this space as we innovate with new products and capabilities that help our customers succeed.”

GoToMeeting is an easy-to-use, cost-effective and fast way to meet, demonstrate products, and collaborate online. Anyone with a Mac or PC and an Internet connection can host, attend, and participate within seconds. GoToWebinar is the first do-it-yourself webinar solution designed to be so simple to use that anyone can conduct online events from their Mac or PC. New to the product suite is GoToTraining, an easy to use, purpose-built online training solution for businesses of all sizes. The service offers a flat-fee subscription model for any number of sessions of any length. With the addition of Integrated Toll-Free service from Citrix Online Audio, participants in the same session can select the audio option that is best for their needs, whether it be toll-free, toll or VoIP.

For more information about Citrix Online, GoToMeeting, GoToWebinar and GoToTraining, visit www.citrixonline.com, www.gotomeeting.com, www.gotowebinar.com and www.gototraining.com.

About Citrix

Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of virtual computing solutions that help companies deliver IT as an on-demand service. Founded in 1989, Citrix combines virtualization, networking, and cloud computing technologies into a full portfolio of products that enable virtual workstyles for users and virtual datacenters for IT. More than 230,000 organizations worldwide rely on Citrix to help them build simpler and more cost-effective IT environments. Citrix partners with over 10,000 companies in more than 100 countries. Annual revenue in 2009 was $1.61 billion.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 49 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

Citrix®, GoToMeeting®, GoToWebinar®, and GoToTraining^® are 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.

¹ Frost & Sullivan, “World Web Conferencing Hosted Services Market,” Roopam Jain, August 2010. http://www.frost.com/prod/servlet/report-toc.pag?repid=N7F6-01-00-00-00

Atomic PRCarol Tong, (415) 593-1299carol@atomicpr.comorCitrix OnlineShelly Burnside, (415) This e-mail address is being protected from spambots. You need JavaScript enabled to view it.