Citrix Systems and TIBCO Software are officially one company.
On Friday, Vista Equity Partners and Evergreen Coastal Capital Corp. completed the $16.5 billion Citrix acquisition. Immediately following the deal’s close, the firms launched the Cloud Software Group that will oversee the merger of Citrix and TIBCO.
The Cloud Software Group’s website provided no details on the combined company’s products. Instead, it listed the management team led by CEO Tom Krause, former president of semiconductor company Broadcom.
“We are excited to create a new global leader in enterprise software, designed for scale and growth, through the combination of Citrix and TIBCO,” Krauss said in a statement.
Named as general managers for Citrix and TIBCO were Sridhar Mullapudi and Matt Quinn, respectively. Mullapudi was chief product officer at Citrix, and Quinn was TIBCO’s chief operating officer.
The information void on the direction of the Citrix-Tibco merger had one Citrix partner, XenTegra, on…