Citrix-Tibco Close $17B Deal, Uniting Virtualization And Enterprise Apps Vendors


Cloud News

Wade Tyler Millward

The Citrix-Tibco deal passed a shareholder vote in April.

Virtualization and cloud products vendor Citrix and enterprise applications vendor Tibco Software have completed their merger, valued at $16.5 billion, with new leadership calling the combined company “a new global leader in enterprise software.”

The two companies announced the deal’s completion in a statement Friday. Investment firms Vista Equity Partners and Evergreen Coast Capital Corp. – an affiliate of Elliott Investment Management – took Fort…

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