Investment companies plan to acquire Citrix for $16.5 billion

Citrix is ​​acquired by investment companies Vista and Evergreen. The investors pay $16.5 billion and want to combine Citrix with software company Tibco. Citrix disappears after the takeover of the stock exchange.

The combination of Citrix and Tibco creates a ‘global leader in digital workspace and data analytics’, the parties involved write. Citrix is ​​a provider of cloud computing and virtualization solutions and Tibco is a business intelligence company that makes tools for data visualization, analytics and big data.

By merging with Tibco, Citrix could grow further, the companies say. The combined software provider would have 400,000 customers worldwide and more than 100 million users in 100 countries. The acquisition and combination should also accelerate Citrix’s software-as-a-service transition.

Citrix agrees with investors on the terms of the acquisition. The investors pay 16.5 billion dollars, converted about 14.7 billion euros. That includes the assumption of the debt burden. Citrix will continue to operate under its current name, but the company will be delisted. Citrix shareholders and regulatory authorities have yet to approve the acquisition. However, the companies expect everything to be completed by mid-2022.

Citrix also presents its quarterly figures and therefore the annual figures for 2021. The company had a turnover of $3.2 billion and a net profit of $307.5 million.