Citrix Systems, Inc. today announced the successful completion of its tender
offer for all outstanding shares of common stock of Sequoia Software
Corporation. As of the expiration of the tender offer at 12:00 midnight, New
York City time, 25 April 2001, the shares tendered totaled 29,720,426,
representing about 95.6 percent of outstanding shares. This total, together
with 500,131 shares subject to guaranteed delivery, equal approximately 97.3
percent of outstanding Sequoia shares.
Citrix expects to complete its acquisition of Sequoia on or about 1 May
2001. Citrix will complete the acquisition by merging a wholly-owned
subsidiary into Sequoia, with Sequoia remaining as a wholly-owned subsidiary
Citrix Systems, Inc. is a global leader in application serving software and
services that extend the Virtual Workplace everywhere by providing secure,
reliable access to applications and information, and a consistent user
experience, on any device or network connection. Citrix solutions enable
organisations of all types to deliver business applications to users with
greater manageability, flexibility and cost-effectiveness. The company's
products, including Citrix MetaFrame application server software, Citrix
NFuse application portal software and Citrix Independent Computing
Architecture (ICA), a core application serving technology, have been widely
adopted by the corporate mainstream to achieve key business goals.
Headquartered in Fort Lauderdale, Florida, Citrix markets its solutions
worldwide through value-added resellers, system integrators, consulting
firms and OEM licensees. Citrix is traded on The Nasdaq Stock 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 http://www.citrix.com.
Direct: +44 (0)20 8600 4659
Cambridge House, Cambridge Grove, London W6 0LE
T: +44 (0)20 8600 4600 F: +44 (0)20 8600 4620
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