“We have always viewed Citrix as a true technology pioneer, building and defining so many categories that have changed the landscape of the industry,” said Monti Saroya, Co-Head of Vista’s Flagship Fund and Senior Managing Director. I couldn’t be more excited about our combined vision and look forward to a strong partnership.” The workplace has changed forever, and companies everywhere will require real-time access to faster, smarter insights from the increasingly large volumes of data available to them, their employees, and their ecosystems. Moreover, this investment by Vista and Evergreen is a testament to the value Citrix has created and the reputation our team has built.”Īdded Dan Streetman, CEO of TIBCO, “There has never been a better time to be in the business of connected intelligent analytics, and we’re thrilled to bring our industry-leading solutions to Citrix’s global customers. “This transaction provides our shareholders with significant immediate cash value. “Today’s announcement is the culmination of a strategic review process conducted over five months, including extensive outreach to both potential financial and strategic buyers,” continued Calderoni. As a private company, we will have increased financial and strategic flexibility to invest in high-growth opportunities, such as DaaS, and accelerate its ongoing cloud transition.” “Together with TIBCO, we will be able to operate with greater scale and provide a larger customer base with a broader range of solutions to accelerate their digital transformations and enable them to deliver the future of hybrid work. By combining with TIBCO, we will expand this platform and the outcomes our customers achieve,” said Bob Calderoni, Chair of the Citrix Board of Directors and Interim Chief Executive Officer and President. Our market- leading platform provides secure and reliable access to all of the applications and information employees need to get work done, wherever it needs to get done. “Over the past three decades, Citrix has established itself as the clear leader in secure hybrid work. The combined company will be positioned to provide complete, secure and optimized infrastructure for enterprise application and desktop delivery and data management to advance hybrid cloud IT strategies and meet the needs of the modern enterprise. Further, it will accelerate Citrix’s defined growth strategy and SaaS transition. The union will create one of the world’s largest software providers, serving 400,000 customers, including 98 percent of the Fortune 500, with 100 million users in 100 countries. The combination brings together Citrix’s secure digital workspace and application delivery suite with TIBCO’s real-time intelligent data and analytics capabilities to empower customers and users with the secure application and information access and insights they need to accelerate digital transformation and navigate the hybrid workplace. TIBCO is a global leader in enterprise data management, empowering its customers to connect, unify, and confidently predict business outcomes. In connection with the transaction, Vista and Evergreen intend to combine Citrix and TIBCO Software (“TIBCO”), one of Vista’s portfolio companies. The per share purchase price represents a premium of 30 percent over the Company’s unaffected 5-day VWAP as of December 7, 2021, the last trading day before market speculation regarding a potential transaction, and a premium of 24 percent over the closing price on December 20, 2021, the last trading day prior to media reports regarding a potential bid from Vista and Evergreen. Under the terms of the agreement, Citrix shareholders will receive $104.00 in cash per share. (“Elliott”), will acquire Citrix in an all-cash transaction valued at $16.5 billion, including the assumption of Citrix debt. (NASDAQ: CTXS) (“Citrix”), today announced that it has entered into a definitive agreement under which Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corporation (“Evergreen”), an affiliate of Elliott Investment Management L.P. Predict confidently with real-time data-driven intelligenceĬitrix shareholders to receive a 30% premium to Citrix’s unaffected priceĪcquisition will take Citrix private, allowing company to accelerate its SaaS transformation, increase investment, and expand platform for secure hybrid workĬitrix to combine with Vista portfolio company TIBCO Software to create global digital workspace and data analytics leaderĬitrix Systems, Inc.Unify data intelligently for better access, trust, and control.TIBCO® Messaging - Eclipse Mosquitto Distribution.Connect seamlessly any application, device or data source.
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