Citrix Mergers and Acquisitions Summary

Software Company

Citrix has acquired 41 companies, including 6 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 2 assets.

Citrix’s largest acquisition to date was in 2021, when it acquired Wrike for $2.3B. It’s largest disclosed sale occurred in 2016, when it sold Citrix Systems - GoTo Business to LogMeIn for $1.8B. Citrix has acquired in 11 different US states, and 7 countries. The Company’s most targeted sectors include software (55%) and internet software and services (28%).

Join Mergr and gain access to Citrix’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the software sector.

M&A Summary

  • M&A Total Activity42
    • M&A Buy Activity40
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 11
  • M&A Advisors 7

Citrix

Citrix Systems, Inc.

851 West Cypress Creek Road,
Fort Lauderdale, Florida 33309
United States,
(954) 267-3000
www.citrix.com

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 36 1 2 - - 1 40
vol $1.9B $200M $2.3B $4.4B
Sell (0.0/yr) # 2 - - - - - 2
vol $1.8B $1.8B
  42

Most Recent M&A

Company Date Value Type
Wrike, Inc. 2021-01-19 2.3B USD Add-on Acquisition
San Jose, California · www.wrike.com
Sapho Inc. 2018-11-15 200M USD Add-on Acquisition
San Bruno, California · www.sapho.com
Cedexis, Inc. 2018-02-12 - Add-on Acquisition
Portland, Oregon · www.cedexis.com
Unidesk Corp. 2017-01-09 - Add-on Acquisition
Marlborough, Massachusetts · www.unidesk.com
Norskale 2016-09-08 - Add-on Acquisition
Lille, France · www.norskale.com
Citrix Systems - GoTo Business 2016-07-26 1.8B USD Merger
Fort Lauderdale, Florida
Citrix Systems - CloudPlatform 2016-01-11 - Divestiture
, United States
ComTrade - SCOM Management Packs IP 2016-01-11 - Divestiture
, United States
Grasshopper Group LLC 2015-04-07 - Add-on Acquisition
Needham, Massachusetts · www.grasshopper.com
Sanbolic, Inc. 2015-01-12 - Add-on Acquisition
Watertown, Massachusetts · www.sanbolic.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 22 (55%) 1.1B (24%) - -
Internet Software and Services 11 (28%) 2.5B (57%) 2 (100%) 1.8B (100%)
Information Technology 4 (10%) 332M (8%) - -
Communications 2 (5%) 50M (1%) - -
Business Services 1 (3%) 435M (10%) - -
Total 40 $4.4B 2 $1.8B

By Geo

State/Country Buy Value Sell Value
United States 33 4.3B 2 1.8B
  California 19 4.0B - -
  Massachusetts 5 - - -
  Arkansas 1 - - -
  Washington 1 - - -
  Virginia 1 32M - -
  Utah 1 - - -
  Oregon 1 - - -
  North Carolina 1 - - -
  New Jersey 1 27M - -
  Maryland 1 185M - -
  Florida - - 1 1.8B
United Kingdom 2 92M - -
Australia 1 5M - -
Denmark 1 - - -
France 1 - - -
Germany 1 - - -
New Zealand 1 - - -
Domestic 33 (83%) 4.3B (98%) 2 (100%) 1.8B (100%)
Cross-border 7 (18%) 97M (2%) - -
Total 40 $4.4B 2 $1.8B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
1
Steelhead Advisors LLC
1
Goldman Sachs Investment Banking Division
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
1
Goodwin Procter LLP
1
Shearman & Sterling LLP
1

Deal Values

buy # Total
> $1B 1 $2.3B
$100M to $1B 6 $1.8B
< $100M 6 $256M
TOTAL $4.4B
Largest Wrike, Inc.
$2.3B (2021-01-19)
sell # Total
> $1B 1 $1.8B
TOTAL $1.8B
Largest Citrix Systems - GoTo Business
$1.8B (2016-07-26)

M&A Connections

Deals
Acquired from
Investor(s)
15%
6 (15%)
Strategic(s)
5%
2 (5%)
Divested to
Strategic(s)
100%
2 (100%)

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