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Vista Equity Partners And Evergreen Coast Capital Announce The Completion Of The Transaction To Acquire Citrix Systems And Combine It With Tibco Software

Sep 30, 2022•almost 3 years ago

Acquiring Company

Vista Equity Partners

Acquired Company

Citrix Systems

New YorkAngel InvestmentFinanceFinancial Services

Description

Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corp. (“Evergreen”), an affiliate of Elliott Investment Management L.P. (together with its affiliates, collectively, “Elliott”), today announced the successful completion of their previously announced transaction to acquire Citrix Systems, Inc. (NASDAQ: CTXS) (“Citrix”) and combine it with TIBCO Software (“TIBCO”).

Company Information

Company

Vista Equity Partners

About

iCIMS is the talent cloud company that empowers organizations to attract, engage, hire, and advance the right talent that builds a diverse, winning workforce. iCIMS accelerates transformation for a community of more than 4,000 customers, including 40% of the Fortune 100, that collectively employ more than 34 million people around the world. For more information, visit www.icims.com.

Company

Elliott Management

Location

New York, New York, United States

About

Elliott Management Corporation is an investment management firm focused on maximizing shareholder value through activist investments. It engages in corporate governance campaigns and often takes significant stakes in undervalued companies. Known for its strategic influence, Elliott pushes for operational improvements and structural changes. The firm manages a diverse portfolio of investments across various sectors.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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