Citrix Systems, Inc. is an American multinational software company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. It was founded in Richardson, Texas in 1989 by Ed Iacobucci, who served as chairman until his departure in 2000. The company began by developing remote access products for Microsoft operating systems. It licensed source code from Microsoft and has been in partnership with the company throughout its history. Citrix came to prominence in the 1990s as a leader in thin client technology, purpose built for accessing remote servers. The company had its first initial public offering in 1995 and, with few competitors, experienced large revenue increases between 1995 and 1999.