Potential Citrix Buyers: Elliott, Vista Equity Partners?
Elliott and Vista have tapped banks to finance their offer, and a deal could be announced within a few weeks, though talks could still end without an agreement, Bloomberg added. Among the wildcards: Whether Citrix will be integrated into Tibco, a data analytics software business that Vista Equity already owns, Reuters notes.
Vista has been scouring the software market for large acquisitions that it can tuck into the Tibco business. One recent plan — acquiring robotic process automation(RPA) software company Blue Prism and merging it into Tibco — fell apart when SS&C outbid Vista Equity for Blue Prism.
Citrix Systems Buyout Rumors, CEO Change, Layoffs
Chairman Bob Calderoni has been running Citrix as interim CEO and president since October 2021. Among the challenges Calderoni must address: The company’s desktop as a service (DaaS) and virtual desktop infrastructure (VDI) are under pressure from public clouds such as Microsoft Azure, Amazon Web Services and Google Cloud Platform.
More recently, Citrix has faced pressure from Microsoft Windows 365, ChannelE2E believes. Indeed, thousands of MSPs have been flocking toward Microsoft’s home-grown DaaS software stack. In many cases, those MSPs are working with Nerdio to navigate Microsoft Windows 365 business opportunities.
Citrix has also relied too heavily on a direct sales force, and too little on distribution partners, Calderoni told Wall Street analysts during an earnings call in November 2021, Reuters notes.
Citrix Field Kickoff 2022: Sales and Partner Event Change
Meanwhile, a Citrix Field Kickoff 2022 event is set to start on January 18 as a virtual gathering. The in-person format of the 2022 event, originally planned for January 10-12 in Nashville, Tennessee, has been canceled.
Note: Story originally published December 21, 2021. Updated January 15, 2022 with latest reports.