Citrix has announced that its planned de-listing and merger with Tibco has cleared regulatory hurdles and the two companies will therefore become one during the last week of September 2022.states that reviews antitrust and foreign investment laws have completed, and the deal can proceed.in January 2021 and will see private equity outfits Vista Equity Partners and Evergreen Coast Capital lay out $16.5 billion to take Citrix private.
Vista Equity Partners already owns Tibco and the deal with Citrix was also framed as an opportunity to merge the two companies.The two companies are both enterprise IT veterans that never quite managed to escape from worthy but limited niches – so they have that much in common at least. Citrix does well in application publishing and virtual desktops, while Tibco excels at service-oriented architectures. But both have larger and better-financed rivals.
Just what Citrix and Tibco share beyond that is not apparent. Perhaps they both like Piña Coladas, and getting caught in the rain …Citrix CEO Bob Calderoni pitched the merger as creating"one of the world's largest software companies [with] the potential to provide customers with all the secure infrastructure needed for the modern enterprise."
"With the increased scale that comes with the combination, we expect to grow our wallet share with the CIO organization, making us a more strategic technology provider to organizations across the globe," he added. But Calderoni also admitted that"we will not be able to work out all the details until after closing" – andhas since been unable to find details of how the combined Citrix and Tibco will operate, the strategy the companies will pursue, or the markets they will target.