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Citrix acquired and merged with Tibco for $16.5B

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41–50 of 191 posts

Re: Citrix acquired and merged with Tibco for $16.5B

#41

Feels like the beginning of the end for Citrix. I've deployed their various products since 1999, back in the NT4 Terminal Server edition. I have fond memories of running MS Word on UNIX terminals at university by connecting to Citrix running on NT4 on my home PC. Other students would walk past rows of screens in the computer lab all showing drab black and white fixed-width text editors except for one in the middle wi…

[deleted]

Re: Citrix acquired and merged with Tibco for $16.5B

#42
post #23

I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.

I find it fascinating you went through your life so far without knowing about citrix.

If you didn't have a old-style corporate job, how would you encounter Citrix?

Re: Citrix acquired and merged with Tibco for $16.5B

#43

I just find it fascinating that I can go through my life and see things like this: "[Company I've never heard of] and [Another company I've never heard of], something something, billions and billions of dollars". And these companies and the people who run them probably have a non-trivial impact on my life, if not directly than indirectly. It's just fascinating.

Tibco is responsible for Jaspersoft.

Jaspersoft is both insanely powerful and will make you want to kill the authors and then yourself.

There isn’t really anything else that does what it does though and you can take that statement both ways.

I really hate Jaspersoft but unless you work in a certain kind of enterprise environment you can go an entire career without running into it.

Re: Citrix acquired and merged with Tibco for $16.5B

#44
> AUSTIN, Texas, & MENLO PARK, Calif. – September 30, 2022 – Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corp. (“Evergreen”), an affiliate of Elliott Investment Management L.P. (together with its affiliates, collectively, “Elliott”), today announced the successful completion of their previously announced transaction to acquire Citrix Systems, Inc. (NASDAQ: CTXS) (“Citrix”) and combine it with TIBCO Software (“TIBCO”).

What role is Vista playing here? It's not clear why that company is necessary or even involved.

It sounds like Vista is the owner of both entities and plans to sell the combined unit at some point.

Re: Citrix acquired and merged with Tibco for $16.5B

#46
post #35

Earlier quoted context omitted.

Citrix are pretty ubiquitous in the corporate space. Not as big a deal as they were ten or 15 years ago, but still a huge company that powers a lot of businesses.

I've heard of the name, I kind of just assumed they made orange juice. Tibco is that British supermarket? Kinda makes sense. Oh well, on with my day.

> Tibco is that British supermarket?

I'm not British, so it also took me a while to realize that Tibco wasn't Tesco.

Re: Citrix acquired and merged with Tibco for $16.5B

#47
post #23

Earlier quoted context omitted.

I find it fascinating you went through your life so far without knowing about citrix.

If you didn't have a old-style corporate job, how would you encounter Citrix?

Because it is a very well known software company. I have never used Citrix, but to me its as a name the same way as VMWare, SAP, EMC, Salesforce and Intuit is.

Re: Citrix acquired and merged with Tibco for $16.5B

#48
post #37
post #23

Earlier quoted context omitted.

I find it fascinating you went through your life so far without knowing about citrix.

As a former Citrix user, I’m a little jealous.

This is the proper response haha. I'd pay $16.5B to never use it again.

Re: Citrix acquired and merged with Tibco for $16.5B

#49
post #44

> AUSTIN, Texas, & MENLO PARK, Calif. – September 30, 2022 – Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corp. (“Evergreen”), an affiliate of Elliott Investment Management L.P. (together with its affiliates, collectively, “Elliott”), today announced the successful completion of their p…

Put the deal together, milk the current clients while also neglecting product, reducing headcount and perhaps little cost increase, cause, you know, inflation.

It's called Synergy.

Re: Citrix acquired and merged with Tibco for $16.5B

#50
post #44

> AUSTIN, Texas, & MENLO PARK, Calif. – September 30, 2022 – Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corp. (“Evergreen”), an affiliate of Elliott Investment Management L.P. (together with its affiliates, collectively, “Elliott”), today announced the successful completion of their p…

That’s right it was a Vista LBO
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