Citrix nearing ‘$13bn private equity deal’

Latest News

Citrix nearing ‘$13bn private equity deal’

By Will McCurdy

31/01/2022

Remote access software provider Citrix is nearing a deal to be acquired for around $13 billion by private equity, according to sources reported by Bloomberg.

The news organisation’s sources said that Elliott Investment Management and Vista Equity Partners are close to agreeing a deal that would value the company at close to $104 per share.

Citrix, based in Fort Lauderdale, Florida, provides software that allows users to log in to devices remotely.

The firm, which employs around 9,000 people worldwide reported over $3 billion of revenue for its 2020 financial year.

2022 has had a strong start in terms of major merger and acquisition news; Microsoft agreed to buy video game company Activision Blizzard for $68.7 billion last week.

The future-ready CFO: Driving strategic growth and innovation

This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities

In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.