Citrix joins Tibco in Vista enterprise IT portfolio
The investment firm backing enterprise software business, Tibco, has acquired Citrix, to flesh out its hybrid work portfolio
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The investment firm backing enterprise software business, Tibco, has acquired Citrix, to flesh out its hybrid work portfolio
Citrix has been acquired by Vista Equity Partners and Elliott Investment Management affiliate Evergreen Coast Capital for a sum of $16.5bn, the company has announced....
Citrix Systems, Fort Lauderdale's maker of cloud-computing software that allows users to virtually access desktop computers, is being sold to private investors for $13 billion, according to published reports. The company, which has called Fort Lauderdale home since 1989, is likely to be folded into another firm in a deal arranged by an arm of Elliott Management Corp. and Vista Equity Partners.
Tibco is already one of Vista’s portfolio companies.
More consolidation is afoot in the world of IT to meet a new demand from enterprises for “one-stop shops” covering a wide range of needs in our hybrid world of work. Citrix, the long-in-the-tooth virtualization giant that had been making a slow transition into cloud computing, is being acquired by PE firms Vista Equity Partners […]