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4-Traders Homepage  >  Equities  >  Nasdaq  >  Citrix Systems, Inc.    CTXS

Delayed Quote. Delayed  - 07/26 03:55:13 pm
88.835 USD   +0.63%
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Citrix Systems : Applied Expands Collaboration with Citrix

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07/26/2016 | 03:17pm CEST

University Park, Ill. (PRWEB) July 26, 2016

Applied Systems today announced that it has expanded its relationship with Citrix to offer its ShareFile Plugin for Microsoft Outlook® to North American insurance agencies and brokerages utilizing Applied TAM. Through this collaboration, agencies and brokerages can further automate document management through easy, secure email without the use of usernames and passwords, in addition to the sharing and storing of documents in the cloud without having to leave Outlook. This addition to the Citrix partner program offerings builds on the previously released integration of RightSignature with Applied Epic, which has seen rapid adoption since its release in April.

"Secure and simple document sharing continues to grow in demand as the pace of business increases," said Nate Spilker, vice president, ShareFile SMB at Citrix. "We are excited to expand our relationship with Applied to further automate agency and brokerage operations by enabling quick, secure large file document management and encrypted email, ultimately saving time and money."

ShareFile is a file sync and sharing service that enables independent agency and brokerage staff to send encrypted emails and files securely. With ShareFile, agents and brokers can securely send out policies, audits, certificates of insurance, brochures and endorsements with just a click of a button. Recipients can download files instantly -- no software or account needed. ShareFile also provides an electronic signature solution so agents can quickly and easily send documents, such as applications, that can be filled-in, signed and returned, reducing the application process timeline by more than 90 percent.

Applied TAM, the world's most widely used cloud-based agency and brokerage management system, provides agencies and brokerages the ability to automate daily operational processes, management of client policy information and connectivity with insurers. Through an automated and easy-to-navigate interface, Applied TAM offers greater visibility into clients and day-to-day agency and brokerage operations to reduce time spent on administrative tasks, decrease errors and omission risk, provide a seamless employee onboarding and training experience, and better respond to client needs. Applied TAM enables more independent insurance agencies and brokerages to be more productive and focus on their core business of client relationships and selling insurance than any other agency or brokerage management system.

"The changing insurance industry and technology landscape are driving increased collaboration among key stakeholders to fuel growth and profitability," said Michael Howe, senior vice president of Product Management, Applied Systems. "We continue to see immense value in our Partner Program for our customers, and the ShareFile collaboration is a prime example of how offering best-in-class capabilities with an Applied solution can enable agencies and brokerages to better manage day-to-day tasks and deliver a more connected client experience."

About Applied Systems
Applied Systems is the leading global provider of cloud-based software that powers the business of insurance. Recognized as a pioneer in insurance automation and data exchange between brokerages, insurers and their clients, Applied is the world's largest provider of agency and brokerage management systems, serving customers throughout the United States, Canada and the United Kingdom. By automating the insurance lifecycle, Applied enables millions of people around the world to safeguard and protect what matters most.

Read the full story at http://www.prweb.com/releases/2016/07/prweb13576109.htm

(c) 2016 PRWEB.COM Newswire, source Press Releases

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Financials ($)
Sales 2016 3 355 M
EBIT 2016 980 M
Net income 2016 461 M
Finance 2016 675 M
Yield 2016 -
P/E ratio 2016 31,23
P/E ratio 2017 24,28
EV / Sales 2016 3,88x
EV / Sales 2017 3,54x
Capitalization 13 692 M
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Citrix Systems, Inc. Technical Analysis Chart | CTXS | US1773761002 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 87,5 $
Spread / Average Target -0,83%
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Kirill Tatarinov President, Chief Executive Officer & Director
Robert M. Calderoni Executive Chairman
David James Henshall Executive VP, Chief Operating & Financial Officer
Godfrey R. Sullivan Independent Director
Murray J. Demo Independent Director
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