Odd couple will tie the knot in late September – but there’s still no sign what’s in store
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.
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.
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.
