Regulators approve $16.5 Billion Citrix/Tibco merger

guest · Sep 8, 2022

By Simon Sharwood @ssharwood - September 8, 2022

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.

A Wednesday filing states that reviews antitrust and foreign investment laws have completed, and the deal can proceed.
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The merger was announced 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.
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Citrix does well in application publishing and virtual desktops, while Tibco excels at service-oriented architectures. But both have larger and better-financed rivals. Both also butt up against Microsoft, which challenges Citrix with many products and competes with Tibco directly with Logic Apps after previously challenging it with BizTalk.
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In a January letter to Citrix staff 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.
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Regulators approve $16.5 Billion Citrix/Tibco merger

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Regulators approve $16.5 Billion Citrix/Tibco merger

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