Citrix Systems, Inc.

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Citrix Systems, Inc. - overview

Established

1989

Location

Fort Lauderdale, FL, US

Primary Industry

Software

About

Based in Florida, US, and founded in 1989, Citrix Systems, Inc. , d. b. a.


Citrix operates as a cloud computing and virtualization technology company that provides products offering solutions for digital workspaces, cloud solutions, unified endpoint management, secure access service edge, application delivery, SD-WAN, content collaboration, and collaborative work management. The company is publicly listed on Nasdaq under the ticker symbol CTXS. In December 2021, Evergreen Coast Capital and Vista Equity Partners bid to fully acquire Citrix Systems, Inc. for approximately USD 13 billion, or USD 104 per share, through a public-to-private transaction.


In January 2022, Evergreen Coast Capital and Vista Equity Partners agreed to fully acquire Citrix Systems, Inc. for USD 16. 5 billion in cash, or USD 104 per share, through a public-to-private transaction. Upon completion, Citrix Systems, Inc.


's shares will no longer trade on the Nasdaq. As of March 2022, Bob Calderoni is the Chair of the Board of Directors and Interim Chief Executive Officer, and President of the company. The product line of Citrix includes DaaS and VDI, including Citrix DaaS, Virtual Apps and desktops, analytics for performance, hypervisor, and workspace; app delivery and security product includes ADC, analytics for security, app delivery and security service, application delivery management, endpoint management, gateway SD-WAN, secure browser, secure internet access, secure private access, and web app and API protection. The company also offers content collaboration and work management product line, which includes content collaboration, podio, rightsignature, sharefile, wrike, and more.


Citrix products and services help its clients to get a seamless work experience and secure, manage, and monitor different technologies in complex cloud environments. In the fiscal year ended on December 30, 2021, the company generated total revenue of USD USD 3,217. 170 million from the subscription of its product packages, product and license, and support and services. The acquisition by Evergreen Coast Capital and Vista Equity Partners will enable Citrix to accelerate its SaaS transformation and expand its platform.


Current Investors

Cloud Software Group, Inc.

Primary Industry

Software

Sub Industries

Web Applications, Systems Management Software, Storage Management Software, Monitoring & Security Software, Content Management Software, Application Integration Software, Analytics & Performance Software

Website

www.citrix.com

Verticals

Artificial Intelligence, Cloud Computing

Company Stage

Merged

Total Amount Raised

Subscriber access only

Citrix Systems, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedUnicon GmbH-
Add-on, Trade SaleCompleteddeviceTRUST GmbH-
Add-on, Trade SaleCompletedStrong Network Inc.-
MergerCompletedCitrix Systems, Inc., TIBCO Software Inc.-
Public to PrivateCompletedCitrix Systems, Inc.-

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