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Sequoia's XML-based Portal Technology to Extend Citrix Application
Platform to Include Web Applications and .NET

New Offerings Will Expand Citrix Solutions, Customers and Channels

Citrix Systems, Inc., a global leader in application server software and
services, and Sequoia Software Corporation, the leading provider of
XML-based portal software, today announced that the two companies have
signed a definitive agreement for Citrix to acquire Sequoia. The all-cash
transaction, structured as a $5.64 per share tender offer, is valued at
$184.6 million.

By adding Sequoia's portal products and technology to Citrix' existing
application serving software, Citrix will be uniquely positioned to
a more complete application services platform - one that gives users
access to any information source, business process or application, whether
it's a Web, Windows® or UNIX® application.

"Since we introduced the Citrix NFuse application portal one year ago,
customers have asked us to extend its capabilities even further to include
Web content, Web applications and Web services," said Mark Templeton,
president of Citrix. "The portal is the aggregation point for applications
and information from disparate systems which makes it an essential piece
the complete solution, and therefore important for Citrix to provide.
Additionally, this move will be instrumental in helping our channel deepen
their customer relationships and grow their integration and implementation
revenues. The acquisition of Sequoia gives us a robust suite of XML-based
products and technologies to do exactly what customers want - to make it
easy to use any device to find and get connected to any information from
anywhere."Mark Wesker, president of Sequoia, said the combination of the
companies would satisfy a broad range of customer needs, spanning a desire
to ease application access to creating a true digital workplace.

"Citrix MetaFrame is the world's application serving standard," said
"Over 100,000 customers use MetaFrame to reap the benefits of application
serving. By joining forces with Citrix, we will be able to offer customers
unified solution for creating the virtual enterprise, where employees,
partners, customers and suppliers can access and interact with any
information that is relevant to their needs from any device on any

David Weiss, vice president of marketing for Citrix, said both customers
Citrix' partners would benefit from the acquisition. He said Sequoia's and
Citrix' products, personnel and sales model greatly complement each other
and help Citrix execute on one of its key growth strategies - expanding
use of application serving within the enterprise.

"With both MetaFrame XP and Sequoia XPS(tm) portal software, enterprise
customers will be able to look to our systems integrators and channel
partners as a single source for two key parts of their strategic
applications platform," Weiss said. "By creating new products based on the
same technology, we can also deliver the same benefits to mid-market
customers, a segment already well served by our channel."

Extending the Virtual Workplace

Templeton said the acquisition fits perfectly into Citrix' vision of a
"Virtual Workplace" enabled by application serving software.

"Our core strategy, ever since our founding, has been to provide
infrastructure software to allow people to easily connect to any
from anywhere, regardless of the device or network connection," Templeton
said. "Historically, most of our customers have used our software to
Windows applications, and that is still true today. But with the explosion
of bandwidth and connectivity brought about by the Internet, plus Web
technologies such as Java and HTML, we believe CIOs are looking for
flexibility to choose the right combination of Windows and Web
to best suit their needs.

"Using Sequoia's XML-pure portal technology, we will help our customers
the best that the Windows and Web worlds offer, and aggregate digital
information into a 'Virtual Workplace' - the promise of access to any
application over any network and any device, quickly, easily, securely and

Terms of the Deal

Under the terms of the merger agreement signed today, Citrix will acquire
all the outstanding shares of Sequoia common stock at $5.64 per share for
approximately $184.6 million in an all-cash tender offer. The tender offer
is expected to commence the week of March 26, 2001. The acquisition has
approved by the board of directors of each company and, subject to
conditions and approvals, including Hart Scott Rodino, is expected to be
completed during the second quarter. Holders of a majority of the
outstanding shares of Sequoia have agreed to tender their shares in the
tender offer.

While the company expects that the transaction will be dilutive to
in fiscal 2001, it is expected to be accretive to earnings in fiscal year
Citrix will host a conference call at 8:30 a.m. eastern time, Wednesday,
March 21, to discuss the terms of the Sequoia Software Corporation
transaction and its corporate strategy involving the acquisition.
Participants are encouraged to listen to the call via the Internet at


The conference call
also be accessed by dialing 212-547-0322, or 888-972-9924. The password
Citrix. A replay of the conference call will be available through March
2001, by dialing 402-998-1620, and via the Internet at

About Sequoia

Sequoia Software Corporation is the leading provider of XML-pure(tm)
software. Sequoia's flagship product, XPS, drives the evolution of
toward true e-business, helping companies link systems and people,
critical processes, and strengthen relationships across the value chain.
Sequoia's customers and partners include Baker Robbins & Company, Baylor
Health Care System, BITMO, Cap Gemini Ernst & Young, General Electric
Systems Division, Johns Hopkins School of Public Health, Kaiser
Lehman Brothers, Lockheed Martin, SAIC, and Software AG. For e-business
solutions that let you do more in less time visit

About Citrix

Citrix Systems, Inc. is a global leader in application server software and
services that offer "Digital Independence(tm)" - the ability to run any
application on any device over any connection, wired, wireless and Web.
Citrix solutions enable organisations of all types, from major enterprises
to emerging application service providers (ASPs), to reach more users,
more applications, in more locations - and achieve this with greater
reliability and cost-effectiveness. Citrix offerings, including MetaFrame
application server software, NFuse application portal software, management
products and Independent Computing Architecture (ICA®), a core application
server technology, have been widely adopted by the corporate mainstream to
achieve key business goals. The firm, which markets its solutions through
value-added resellers, system integrators and OEM licensees, is
headquartered in Fort Lauderdale, Fla. Citrix is traded on The Nasdaq
MarketSM under the symbol CTXS and is part of the Standard & Poor's 500
Index. For more information, please visit the Citrix Web site at

This news release is for informational purposes only. It does not
an offer to purchase shares of Sequoia or a solicitation/recommendation
statement under the rules and regulations of the U.S. Securities and
Exchange Commission (the "SEC"). At the time Citrix commences a tender
offer, Citrix will file with the SEC a tender offer statement and Sequoia
will file with the SEC a solicitation/recommendation statement in response

The offer to purchase and other offer documents included in the tender
statement, as well as the solicitation/recommendation statement, will be
made available to all shareholders of Sequoia at no expense to them.
Security holders may obtain a free copy of the solicitation/recommendation
statement (when available) and other documents filed by Sequoia or Citrix
with the SEC at the SEC's web site at Free copies of
solicitation/recommendation statement, once available, and other filings
Sequoia and Citrix with the SEC may also be obtained by directing your
request to Innisfree, M&A Incorporated.

For Citrix Investors

This release contains forward-looking statements which are made pursuant
the safe harbor provisions of Section 21E of the Securities Exchange Act
1934. The forward-looking statements in this release do not constitute
guarantees of future performance. All forward-looking statements in this
release are based upon information available to Citrix and Sequoia on the
date of this release. Investors are cautioned that statements in this
release which are not strictly historical statements, including, without
limitation, statements regarding the future consummation of the
by Citrix of Sequoia, the integration of Sequoia's technology with Citrix
software, the development of new products as a result of such acquisition,
the extension of existing products to include new applications, the
integration of Sequoia's and Citrix' technology, personnel, and sales
the benefits to customers of the acquisition, the company's current or
future financial performance, management's plans and objectives for future
operations, product plans and performance, management's assessment of
factors, as well as statements regarding the strategy and plans of the
company 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, risks associated with the following: the successful
and integration of the acquisition of Sequoia, including, without
limitation, the ability to integrate the technologies of Sequoia and
and the ability to maintain existing Sequoia customers and employee
relationships; the company's ability to develop and commercialise new
products and services; the company's ability to expand its core business
large enterprise accounts; increased competition, including potential
competition from Microsoft and other companies; changes in the company's
pricing policies or those of its competitors, including Microsoft; the
of developing, acquiring, or integrating new technologies or enhancements
existing products; management of growth; the possibility of undetected
software errors; dependence on proprietary technology; as well as risks of
downturns in economic conditions generally, and in the software industry
specifically; and risks associated with competition and competitive
pressures 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 in this press release or with respect to
announcements described herein, whether as a result of new information,
future events or otherwise. Readers are cautioned not to place undue
reliance on forward-looking statements.

For Sequoia Investors

Other than historical information contained herein, certain statements in
this release are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.
Forward-looking statements in this release involve a number of risks and
uncertainties including, but not limited to, changes in market conditions,
government regulation, technology, our ability to expand, our early stage
development, attraction and retention of key personnel, management of
growth, entry into new markets, intense competition, customer
and attrition and our dependence on XPS.

These risk factors are discussed in further detail in the Company's SEC
filings including the prospectus filed in connection with our initial
offering and the Annual Report on Form 10-K for the year ended December

Citrix®, ICA®, MetaFrame(tm), MetaFrame XP(tm), NFuse(tm) and Digital
Independence(tm) are registered trademarks or trademarks of Citrix
Inc. in the U.S. and other countries. All other trademarks and registered
trademarks are property of their respective owners.

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