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[65] [66] [67] As part of the merger, in September 2022, Citrix announced a $4.55 billion-equivalent cross-border term loan to back its $16.5 billion buyout by Vista Equity and Evergreen Coast Capital. Following the merger, the Citrix Hypervisor product-line was spun-off into a standalone business unit under CSG and rebranded as XenServer.
Citrix creates and sells virtualization, cloud computing, networking and SaaS products that aim to provide remote connectivity to workers on a variety of devices. [ 2 ] [ 3 ] The company's first acquisition was DataPac in 1997, which Citrix purchased in order to utilize DataPac's technology and its position in the Asia-Pacific region. [ 4 ]
The all-cash acquisition will see Citrix merge with TIBCO, a Vista portfolio company. [29] In August 2022, Vista agreed to acquire tax automation software platform maker Avalara, Inc. for $8.4 billion including debt. [30] As of August 2023, Vista Equity Partners had over $100 billion in assets under management. [31]
JPMorgan Chase & Co (NYSE: JPM) said it did not provide loan backing to takeovers such as Twitter Inc, Citrix Systems Inc, and Nielsen Holdings PLC, which fell in value as markets turned volatile.
In July 2016, LogMeIn announced in a merger with Citrix's GoTo products using a Reverse Morris Trust. [26] In February 2017, LogMeIn completed a merger with GetGo, the corporate spin-off of the GoTo product line from Citrix Systems. [27] In February 2018, the company announced the sale of Xively to Google for $50M. [28]
(Reuters) -Elon Musk's banks, faced with huge losses on their commitment to finance the $44 billion buyout of Twitter Inc, may not be able to back out of the deal easily but they might have a way ...
Alnylam (ALNY): pioneering a new class of therapeutics based on RNA interference and a better fit for collaboration partner Novartis (NYSE:NVS) BioMarin (NASDAQ:BMRN): a rare disease gene therapy ...
On behalf of Citrix, I'd like to request a revert of this recent edit to add non-neutral text. I've submitted an edit request proposing a more neutral update above, if another editor's willing to review. Thanks! Inkian Jason 16:58, 5 December 2022 (UTC) Done. I've reverted the unsourced and problematic edit.