Citrix - M&A Summary, Ownership, and Business Overview

SoftwareCompany

Citrix M&A Summary

Citrix has acquired 41 companies of its own, including 1 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 3 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 (53%) and internet software and services (30%).

Citrix Ownership

Who owns Citrix?

Citrix is owned by Cloud Software Group. It was acquired on September 1, 2022.

Was Citrix formerly PE-backed?

Yes. Citrix was formerly owned by 2 private investors.

Citrix Business Overview

Where is Citrix headquartered?

Citrix is headquartered in Fort Lauderdale, Florida.

What is Citrix’s revenue?

Citrix disclosed revenue of 3,237M USD for 2020 and 3,010M USD for 2019.

What sector is Citrix in?

Citrix is a software company.

When was Citrix founded?

Citrix was founded in 1989.

M&A Summary

  • M&A Total Activity43
    • M&A Buy Activity40
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 12
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 39 - 1 - - - 40
vol $2.1B $2.3B $4.4B
Sell (0.2/yr) # 2 - - - 1 - 3
vol $1.8B $1.8B
  43

Most Recent M&A

Company Date Value Type
Wrike, Inc. 2023-07-07 - Divestiture
San Jose, California · www.wrike.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 21 (53%) 1.1B (24%) - -
Internet Software and Services 12 (30%) 2.5B (57%) 3 (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 3 $1.8B

By Geo

State/Country Buy Value Sell Value
United States 33 4.3B 3 1.8B
  California 19 4.0B 1 -
  Massachusetts 5 - - -
  Washington 1 - - -
  Virginia 1 32M - -
  Utah 1 - - -
  Oregon 1 - - -
  North Carolina 1 - - -
  New Jersey 1 27M - -
  Maryland 1 185M - -
  Arkansas 1 - - -
  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%) 3 (100%) 1.8B (100%)
Cross-border 7 (18%) 97M (2%) - -
Total 40 $4.4B 3 $1.8B

Top M&A Advisors

Financial Deals
Steelhead Advisors
1
Goldman Sachs
1
Qatalyst Partners
1
Legal Deals
Goodwin Procter
1
Shearman & Sterling
1
Skadden, Arps, Slate, Meagher & Flom
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
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

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