Citrix to spin out Goto products, will cut ‘investment’ in Podio

Citrix has announced that the Goto family of products is being spun out, as part of a refocusing the company on its core capabilities. As Larry Dignan reported this morning,

Citrix will spin off GoTo as an independent company. Chris Hylen, who is the general manager of Citrix’s mobility apps unit, will be CEO. GoTo’s annual revenue is about $600 million. The company added that the spin off will happen in the second half of 2016. Citrix shareholders will have shares of two companies. The products included in the spin-off include GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, Grasshopper and OpenVoice.

The company says it will be cutting as many at 1000 employees and contract workers, and shutting down certain products.
Based on various discussions with Citrix folks earlier in this year I had a hunch that Podio — the work media solution they acquired in 2012 for $53 million — might be one of the products being retired. I contacted Citrix, and this was the response from Paul Dobson a Senior Director, Analyst Relations at Citrix:

I wanted to let you know that we are going to be reducing investment in Podio as a standalone product, and we will leverage the technology in other existing product.  It will not be offered as a standalone product moving forward.

I recommend that those currently using Podio consider getting off as soon as possible, since Citrix isn’t being very clear as to how long Podio will be running. Podio does support export of the data as an Excel file, so importing to other solutions is possible, at least.

Update 19 November 2015
I received a clarification to the information from Citrix yesterday, again from Paul Dobson at Citrix:

Hi Stowe –
I saw your article, and of course I should have asked for the context ahead of giving you the detail below – I wanted to specify that we will continue to support Podio as a standalone offering for our existing, current customers and we will enable them to add users to their environments, but our strategy for new customers will change in 2016, as per the below.