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Citrix acquired and merged with Tibco for $16.5B

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

#91

Post by alexjplant »

Melatonic wrote: post #87
alexjplant wrote: post #77

Earlier quoted context omitted.

Wikipedia says "Remote Desktop Protocol (RDP) is a proprietary protocol developed by Microsoft" and that "[the] Terminal Services Edition of NT 4.0 relied on Citrix's MultiWin technology, previously provided as a part of Citrix WinFrame atop Windows NT 3.51, in order to support multiple users and login sessions simultaneously". Based on this it sounds to me like the protocol itself was the work of Microsoft and that…

I have managed large Citrix farms and if you have the bandwith RDP blows it away. Lot less options and control but with decent bandwith and high settings RDP is pretty nice. That being said I hear VMware Horizon blows away Citrix too I will never touch Citrix again.

It took an act of God to get the Horizon client working last I used it (weirdness with client SSL libraries... on Windows no less) but it worked pretty well once I got it set up.

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

#92

Post by bombcar »

glandium wrote: post #38
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.

I find it fascinating when I see "[Company I haven't heard of for so long that it might as well have died] acquired for [surprisingly large amount of money]"

Zombie companie somehow eats brains of another near zombie company.

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

#93

Post by bombcar »

bluepizza wrote: post #33
svnt wrote: post #10

Earlier quoted context omitted.

I’m also interested to hear why. Maybe if you are consolidating unfundable companies by force?

Good companies with decent long term prospects strapped for cash and with heavy debt will be all over the place, being bought for heavy discounts to avoid completely closing down.

And larger companies with war chests of cash will be looking for things to prop up the revenue lines.

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

#94

Post by snake_doc »

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…

Your background missed Elliot’s 5yr+ activist history towards Citrix since 2015, with a brief break around 2020. At the time of this deal, they owned ~12% of Citrix. After 2020 board changes, Elliot bought back into Citrix around Q3 21, so at best around $95-100/sh. This deal pays out $104/sh. So it’s almost a rollover from their equity to PE fund.

Elliot is obsessed with Citrix, and this is furthering their conviction with leverage to boost their opportunity.

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

#95

Post by grosswait »

alexjplant wrote: post #77
guidedlight wrote: post #52

Earlier quoted context omitted.

Citrix originally licensed the technology for the Remote Desktop Protocol (RDP) to Microsoft. RDP was a pared back version of Citrix, and the license terms left Citrix free to sell a with a more fully-featured virtualised desktop product running on top of Windows Server.

Wikipedia says "Remote Desktop Protocol (RDP) is a proprietary protocol developed by Microsoft" and that "[the] Terminal Services Edition of NT 4.0 relied on Citrix's MultiWin technology, previously provided as a part of Citrix WinFrame atop Windows NT 3.51, in order to support multiple users and login sessions simultaneously". Based on this it sounds to me like the protocol itself was the work of Microsoft and that…

Citrix is typically used over WAN or internet and RDP over fatter pipes. Citrix gives a more complete desktop experience using less bandwidth. Not typical concerns where RDP is dominant.

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

#96

Post by ralph84 »

jiggawatts wrote: post #24

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…

I remember my dad installing Citrix on our home PC with 28.8 kbps modem in the mid-90s so he could occasionally "telecommute", as working remotely was called back then. It really did seem like magic that he could run all of the Windows apps on his work PC from home.

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

#98

Post by gumby »

whydoyoucare wrote: post #68
gumby wrote: post #65

Earlier quoted context omitted.

Thanks! I was wondering how TIBCO could possibly still be around.

And I was wondering how Tom Krause heads the combined company (he was leading Broadcom's software arm until a few months ago!)

On one hand it can suggest, "so much going on -- how can I keep up?"

On the other hand: who wants to keep up with goings-on at places like TIBCO?

Though when it comes to Broadcom: it's news when their CEO isn't dealing drugs from an underground sex lair.

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

#99

Post by umeshunni »

chrisseaton wrote: post #76
timc3 wrote: post #47

Earlier quoted context omitted.

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.

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

I think anyone who has ever had a sales or support job has to deal with Salesforce in one form or the other.

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

#100

Post by quickthrower2 »

harha wrote: post #86
paulgb wrote: post #37

Earlier quoted context omitted.

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

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!)
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