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Citrix acquired and merged with Tibco for $16.5B

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111–120 of 191 posts

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

#111
PE companies are putting lipstick on a pig that is Cloud Software Group, to unload this mammoth company on IPO bagholders in one-two years.

CEO just needs to aggressively outsource all software development (their leadership page https://www.cloud.com/leadership.html gives some hints) to cut costs and boost bottom-line for two years, so that numbers look nicer in IPO prospect one-two years from now.

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

#112

Earlier quoted context omitted.

> until it gets foisted on a company like Broadcom or IBM that would be happy to churn out billions in cash from it How does this part work?

My guess is ruthlessly cut costs and gradually degrade remaining customer good will until it's a dessicated corpse.

The cost portion is right but good will from these companies degraded a decade ago. The game is now to do anything at all costs to prevent churn and downsells whether that's bribery, lying, cheating, stealing, lawsuits, etc.

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

#114
post #60

Background on the deal. TIBCO was acquired by Vista Equity Partners 8 years ago and has been a disaster investment. Growth never picked up despite their investments in product, technology, sales and marketing. As a result, TIBCO was stuck selling better software from acquisitions to their existing customer base. Large cap private equity investors like Thoma Bravo, Silver Lake and Blackstone noticed TIBCO's failures m…

Thank you for the succinct analysis. It makes me wonder if the PE firms that think of these deals are borderline sociopaths - caring a lot more about money then people. It ALMOST reads as a sophisticated scam.

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

#115

Earlier quoted context omitted.

IBM employee probably...

IBM still uses Lotus Notes??

Yes, because they could never migrate off of it to a more modern product :)))

https://news.ycombinator.com/item?id=27692965

it is actually worse, they probably use a frankenstein mix of Notes, Exchange, Office365, and something else

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

#116

Earlier quoted context omitted.

IBM still uses Lotus Notes??

Yes, because they could never migrate off of it to a more modern product :))) https://news.ycombinator.com/item?id=27692965 it is actually worse, they probably use a frankenstein mix of Notes, Exchange, Office365, and something else

Oh my god. Alright that's enough internet for today I think

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

#118
post #86

Earlier quoted context omitted.

The two worst things about going to work are Citrix and the coffee. WFH only fixes one of them.

Throw some crystal reports and a “coffee bag” (as in like the tea bag) for good measure and a dash of Sharepoint and DCOM. Now we are talking. DAO recordsets too (no not DAO as in Ethereum!)

Crystal Reports! that name hasn’t been mentioned in my house (or thought about) in nearly 2 decades.

Ever want to use crystal reports to generate scannable paper correspondence for tens of thousands of businesses in a single job? The state of Wisconsin sure did!

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

#119
post #86

Earlier quoted context omitted.

The two worst things about going to work are Citrix and the coffee. WFH only fixes one of them.

Throw some crystal reports and a “coffee bag” (as in like the tea bag) for good measure and a dash of Sharepoint and DCOM. Now we are talking. DAO recordsets too (no not DAO as in Ethereum!)

I was going to comment when the Citrix Workspace updater popped up even though I explicitly asked not to be notified about updates, a setting that is hidden by the worst settings menu I've ever seen on a Mac app (there seem to be ways to stop the app to run in the background, but why does it even need to? It's not like 2 seconds of startup time will make any difference with the latency I experience working with the product)

Anyhow, I was so happy Sharepoint was dropped for OneDrive, a slightly less bad product (and same with Teams/Skype)

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

#120
post #80

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.

The world is a really big place. For example, when Okta bought Auth0 last year, that was titanic for my employer (we're in their space). But it barely made a ripple to anyone outside of the auth space. People still confuse Auth0 with OAuth when I give talks! I think about it in other ways too. Look around you. Wherever you are, unless you are in the wilderness, there are 1000s of companies that worked to bring the bu…

I find the Auth0 acquisition to be more impressive. Many people (even non-tech) know about Citrix because of Windows. Almost no one outside of tech (and many people inside tech too) knows anything about auth0. Yet, we have a company that was acquired for 6.5 billions of dollars.
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