Citrix acquired and merged with Tibco for $16.5B • Hacker News Board

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

#161

Post by hhmc » Sat, Oct 01, 2022, 9:00 AM UTC

parasubvert wrote: post #157

chrisseaton wrote: post #76

Earlier quoted context omitted.

Again, all those are old-style enterprise software. If you didn't work in a legacy corporate environment, you'd never encounter them.

Umm. If you file taxes with a computer, you’re using Intuit. If you have a datacenter, it has a good shot of running some VMware. If you run logistics at almost any medium sized or bigger company, you’re using SAP or Oracle. If you have a group of employees that sell things, Salesforce is common. This is the software that literally runs the world. If you’re not familiar with it, then you’re ignorant about how the wor…

Intuit has no relevance if you don’t live in the US

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

#162

Post by animal531 » Sat, Oct 01, 2022, 9:03 AM UTC

DrBazza wrote: post #158

VoodooJuJu wrote: post #19

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.

> "[Company I've never heard of] and [Another company I've never heard of], I'm going to guess you're under 30? Amongst the many things Tibco sold was Rendezvous, which was extremely popular in the banks for running trading systems back in... the 90s and early 00s. Then of course, multi-core chips came along and sending messages to other processes on single cores over the network, versus, other processes in the same…

I worked with Tibco's message queue back in the 00's somewhere...but to be honest I though they had gone under.

Citrix should be more well known, but if you've never worked in a Windows environment then perhaps not.

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

#163

Post by gigatexal » Sat, Oct 01, 2022, 9:16 AM UTC

joschmo wrote: 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…

Do you moonlight as a financial analyst for tech corporates? Cuz this was super informative. Thank you!

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

#164

Post by [deleted] » Sat, Oct 01, 2022, 9:21 AM UTC

VoodooJuJu wrote: post #19

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.

[deleted]

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

#165

Post by ultra2d » Sat, Oct 01, 2022, 9:36 AM UTC

osamagirl69 wrote: post #79

gwd wrote: post #18

Earlier quoted context omitted.

Removing Xen from the name had nothing directly to do with changing the model for Xen Server; all Citrix products were re-branded at the same time. You never know what corporations will do with products they're supporting, whether they're open-source or not. (Ask VMWare customers how they're feeling now, for instance.) But with open-source, if there's a large enough user base, someone can step in and take over the so…

Yes, I switched to XCP-ng in early 2017 and haven't looked back. While I am not super in love with Vates (and their incessant pushing of their saas products I have 0% chance of using) it is a great example of the GPL at work protecting users freedoms.

At a previous job I also made that switch. We already were running Xen Orchestra, so the offering of XCP-ng was a blessing. Later on we replaced XenApp with a default Microsoft set-up as that worked just as well.

Took a trip down to memory lane and found this recent post which is very recognizable: "How Citrix dropped the ball on Xen ... according to Citrix" https://www.theregister.com/2022/09/30/citrix_xen/

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

#166

Post by pas » Sat, Oct 01, 2022, 10:08 AM UTC

kjellsbells wrote: post #136

oconnor663 wrote: post #107

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?

The acquiring company basically cranks up their fees to the acquired customer base to weed out anyone that a. doesn't have deep pockets and b. has an alternative. The customers they are left with are then stuck with you and you can continue to ratchet up prices while cutting costs for years. of course this requires that the software in use is hard to replace, or in the parlance, has a big moat. if you get it right yo…

the vendor lock-in!

also, very important, if a company that is already a big powerful vendor buys this, then they can use their already existing leverage to ramp up prices. after all all now they can try to - and eventually will - upsell all kinds of shit, they will milk every "synergy" opportunity they can think of, will offer package deals (that look very good on paper, but of course increases the lockedin factor, and hides the real problem of keeping the company on the legacy shit).

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

#167

Post by thrwwybaD45 » Sat, Oct 01, 2022, 10:14 AM UTC

Former employee in a certain Mediterranean ofc here.

This was the most toxic env I've put myself through. Zero regrets on leaving apart from not going earlier. Some good people there. Some technically apt as well. But the amount of arses and backstabing minions is staggering. I've never before or after felt so bullied by my own coworkers. What they lacked in skills the made up in politics and gaslighting. And it was much like that in all levels. Busy working, busy empty talking, bullshiting and politics oh so much politics that it would make a notmal person throw up.

Anyway i gtfo with clear PTSD and I should probably seek councelling as I'm afraid it shows at my current job.

PS: i've been through a few companies in rough waters. It's always the same story. Nobody loves the company. And if you dare do something about it you are treated as enemy. All the entrenched actors treat it like a cow to be milked till it dies. And when it finally dies they act so surprised and sad...untill they get the severance package.

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

#168

Post by pas » Sat, Oct 01, 2022, 10:20 AM UTC

hn_throwaway_99 wrote: post #21

avrionov wrote: post #11

This article explains some of the background and how the banks lost money on the deal: https://prospect.org/power/griftrix-citrix-systems-debt-deal...

Thanks, I just threw up in my mouth. I see where the French Revolutionaries were coming from.

though french revolutionists were merchants, traders, relatively well-off folks, you could even say private equity dudes of that era :)

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

#169

Post by frou_dh » Sat, Oct 01, 2022, 10:20 AM UTC

pjmlp wrote: post #160

bboygravity wrote: post #147

Earlier quoted context omitted.

And then to reality (when I was forced to use it at a client): Insanely unbaringly slow with tons of constant lag and IT issues. I know, anecdote...

My anecdote is that it works much better than any X Windows setup that I have used, and since around 2011 it is either Citrix or RDP on most of our projects. If we get projects with customers that will rather hand us low quality Dells with 4 / 8 GB with HDD, to access their infrastructure, I will always advocate for a Citrix or RDP based setup instead, due to how bad those laptops tend to be.

Can such a setup have a lossless presentation of the GUI? Personally I really dislike using a modern computer via a lossy video signal, just as a matter of principle. Same reason I'm not interested in cloud gaming even if the latency is great.

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

#170

Post by greggsy » Sat, Oct 01, 2022, 11:31 AM UTC

DrBazza wrote: post #158

VoodooJuJu wrote: post #19

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.

> "[Company I've never heard of] and [Another company I've never heard of], I'm going to guess you're under 30? Amongst the many things Tibco sold was Rendezvous, which was extremely popular in the banks for running trading systems back in... the 90s and early 00s. Then of course, multi-core chips came along and sending messages to other processes on single cores over the network, versus, other processes in the same…

Citrix is alive and well in large organisations