CTXS Citrix Systems Inc.

Canara HSBC Oriental Bank of Commerce Life Insurance Enables Work from Anywhere with Citrix®

Canara HSBC Oriental Bank of Commerce Life Insurance was two weeks away from closing its fiscal year when COVID-19 hit and a nationwide lock-down was implemented. But the company continued to move forward, accelerating the remote work strategy it had initiated years earlier using from (NASDAQ: CTXS).

“The announcement was made one night and within the next two to three days, our team members were at work from their new home environments,” recalls Mr. Sachin Dutta, Chief Operating Officer, Canara HSBC Oriental Bank of Commerce Life Insurance. “And because we already had Citrix in place, we were able to ensure they had secure and reliable access to the applications and information they needed to be successful.”

Enabling Work Anywhere

Using Citrix’s and , including and Canara HSBC Oriental Bank of Commerce Life Insurance has created a modern digital workspace through which its team can access the applications and insights they need and prefer to use to get work done, wherever they happen to be. When the pandemic hit, Dutta and his team simply ramped things up so its business could continue without interruption.

“One area in which Citrix really helps is in providing business continuity and the ability to quickly scale, even during unforeseen business disruptions like this pandemic,” Mr. Dutta said.

Within one day of Canara HSBC Oriental Bank of Commerce Life Insurance transitioning its call center employees to remote locations, customers were able to reach them and the services they would expect in a normal scenario resumed. Without Citrix, Mr. Dutta isn’t sure if the outcome would have been the same.

“Had we not implemented the solution several years ago, I can tell you that our year end really would have been a dry period for us and our business would have suffered,” he said.

Creating the Space to Succeed

With Citrix, Canara HSBC Oriental Bank of Commerce Life Insurance can provide employees with simple, unified access to the systems and information they need to work free from noise and distractions and perform at their best. And according to Mr. Dutta, this has led to significant improvements in productivity.

“We’re actually offering better service levels because we have the right digital solution that empowers our employees to engage and work productively from remote locations, which is the inverse of what we expected to happen,” he said.

Accelerating Digital Transformation

Looking to the future, Canara HSBC Oriental Bank of Commerce Life Insurance will continue to push forward with its remote work strategy. “It's certainly an agile way of doing business, and we will continue to capitalize on the flexibility that Citrix provides to deliver the best kind of experience that enables our employees to deliver superior services to our clients and move our business forward regardless of their location,” Mr. Dutta said.

Canara HSBC Oriental Bank of Commerce Life Insurance joins more than 400,000 companies around the world who use Citrix solutions to power a better way to work. Click to learn more about the transformation they are driving and results they are delivering.

About Canara HSBC Oriental Bank of Commerce Life Insurance

Established in 2008, Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). Headquartered in Gurugram, the Company has branch offices pan India and sells and services its customers as per their preference and needs through a well-established distribution network in Tier 1, 2 and 3 markets combined with new-age tech servicing avenues. For more information, visit: .

About Citrix

Citrix (NASDAQ: CTXS builds the secure, unified digital workspace technology that helps organizations unlock human potential and deliver a consistent workspace experience wherever work needs to get done. With Citrix, users get a seamless work experience and IT has a unified platform to secure, manage, and monitor diverse technologies in complex cloud environments.

For Citrix Investors:

This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, their development and distribution, product demand and pipeline, economic and competitive factors, the Company's key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company's filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.

© 2021 Citrix Systems, Inc. Citrix, the Citrix logo, and other marks appearing herein are the property of Citrix Systems, Inc. and may be registered with the U.S. Patent and Trademark Office and in other countries. All other marks are the property of their respective owners.

EN
09/03/2021

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