SINGAPORE, Sept. 18, 2007 (PRIME NEWSWIRE) -- Citrix Systems, Inc. (Nasdaq:CTXS), and Asiasoft Global, a leading regional IT consultancy and services company, today announced the launch of the Asiasoft Citrix Solutions Centre in Singapore. The solutions centre is the first such investment for Asiasoft in the region, and comes on the back of a spectacular 40 percent revenue growth from Asiasoft's Citrix solutions practice.
Founded in Singapore in 1986, and with offices spanning China, Hong Kong, Malaysia, Philippines and Singapore, Asiasoft has established itself as a strong regional player in the IT consultancy and services sector. It has a proven track record of providing demonstrative value across a vast number of industries -- notably financial services, government, manufacturing and healthcare -- and counts amongst its customers names like Asia Pacific Breweries, National Library Board of Singapore and United Overseas Bank. Asiasoft was recently acquired by Top Image Systems (TIS) (Nasdaq:TISA) (TASE:TISA), the leading innovator of data capture solutions which became one of the strongest players in China and Asia Pacific. Asiasoft serves as TIS's sales, marketing and R&D base in Asia.
"Citrix is ranked among the top 10 strategic IT vendors globally today, and there is a surging demand for its application delivery solutions as Citrix is right at the heart of solving many of the business challenges confronting organizations today," said Alex Toh, Managing Director, Asiasoft. "These business drivers include enabling regulatory compliance, strengthening security, speeding up application deployment, driving IT efficiency and ensuring business continuity."
The Asiasoft Citrix Solutions Centre will provide customers -- primarily in the financial services, government, manufacturing and healthcare sectors -- a fully-equipped facility to conduct proof of concepts across the various stages of implementation, from infrastructure analysis and architecture design, through to building/testing and rollout.
Asiasoft has made a significant investment to fit out the solutions centre with cutting-edge technology comprising a wide range of server and network appliances, and a variety of endpoint devices (eg. desktops, PDAs, thin clients, smartphones), to simulate different access and authentication scenarios for different types of applications, and to build different vertical environments to facilitate real-life simulations.
"Asiasoft shares Citrix's vision of delivering applications for customers on demand with the best performance, security, and total cost of ownership," said Yaj Malik, Area Vice President, ASEAN, Citrix Systems. "We are already receiving feedback that the Asiasoft Citrix Solutions Centre will deliver tremendous value to customers, and this facility is a tangible commitment of our joint commitment to deliver the best of breed application delivery solutions to the market."
Asiasoft was appointed as a Citrix partner in 1999, and is today the first channel partner, or Citrix Solution Advisor, in the ASEAN region to be conferred a Citrix Platinum Partner status, after achieving a spectacular 40 percent growth in overall Citrix sales in 2006 to generate over US$1 million in sales. Asiasoft has dedicated twelve personnel full-time in the Citrix solutions practice, across a number of functions including solution sales, engineers and business development.
Citrix Systems Enjoys Growth Momentum in ASEAN
Citrix Systems grew its ASEAN revenues by 48% in 2006, and expects to maintain a double-digit growth rate for 2007, driven by strong demand across key verticals including financial services, government and telecommunications across the government.
"Our Citrix Solution Advisors, such as Asiasoft Global, are intrinsically involved in the Citrix growth story, and we are committed to strengthening our channel partnerships to offer customers a complete solution to deliver, secure, optimize and monitor application delivery," said Mr Malik.
To date, Citrix Systems has more than 2,400 customers in ASEAN alone, with 34 percent from Singapore. Some of Citrix's referenceable ASEAN customers include: Advanced Info Service (AIS), Genting Group, IKEA Damansara, National Library Board of Singapore, PT Kalbe Farma, Siam Cement Group, Singapore Technologies and San Miguel Corporation.
Singapore is the ASEAN headquarters for Citrix Systems in the region, and the company has made significant investments in Singapore including a call centre supporting the Pacific region, as well as dedicated customer facilities, namely the Pacific Customer Care Centre and Asia Consultancy Services Practices.
About Citrix
Citrix Systems, Inc. (Nasdaq:CTXS) is the global leader and the most trusted name in application delivery infrastructure. More than 200,000 organizations worldwide rely on Citrix to deliver any application to users anywhere with the best performance, highest security and lowest cost. Citrix customers include 100% of the Fortune 100 companies and 98% of the Fortune Global 500, as well as hundreds of thousands of small businesses and prosumers. Citrix has approximately 6,200 channel and alliance partners in more than 100 countries. Annual revenue in 2006 was US$1.1 billion.
About Top Image Systems
Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 30 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information.
Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, particularly statements regarding future operating or financial performance. Words such as "will," "expects," "anticipates," "estimates," "intends," "believes," "plans" and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), TIS's ability to successfully integrate businesses it acquires, litigation (including litigation over intellectual property rights), general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.