M&A Deal Summary

Citrix Acquires Sequoia Software

On March 21, 2001, Citrix acquired software company Sequoia Software from Baker Capital for 185M USD

Acquisition Highlights
  • This is Citrix’s 2nd transaction in the Software sector.
  • This is Citrix’s 7th largest (disclosed) transaction.
  • This is Citrix’s 2nd transaction in the United States.
  • This is Citrix’s 1st transaction in Maryland.

M&A Deal Summary

Date 2001-03-21
Target Sequoia Software
Sector Software
Buyer(s) Citrix
Sellers(s) Baker Capital
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Sequoia Software

Columbia, Maryland, United States
Sequoia Software Corp. is a provider of XML-based Internet infrastructure software for creating interactive e-business portals.

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Buyer(S) 1

Buyer

Citrix

Fort Lauderdale, Florida, United States

Category Company
Founded 1989
Sector Software
Revenue 3.2B USD (2020)
DESCRIPTION
Citrix System's corporate headquarters in Fort Lauderdale, Florida.
Citrix System's corporate headquarters in Fort Lauderdale, Florida.

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.


DEAL STATS #
Overall 3 of 40
Sector (Software) 2 of 21
Type (Add-on Acquisition) 3 of 38
State (Maryland) 1 of 1
Country (United States) 2 of 33
Year (2001) 1 of 1
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-12 ViewSoft

Broadlands, Virginia, United States

ViewSoft, Inc. a specializing in software for multi-tier and Web-based application development and deployment.

Buy $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-19 Expertcity

Santa Barbara, California, United States

Expertcity, Inc. a provider of managed real-time Web-based remote-access and customer-support technologies. The company's award-winning screen-sharing technology enables users to securely view and control a computer from a remote location. Expertcity offers two products: GoToAssist(tm), a complete managed service that enables support centers and help desks to rapidly and seamlessly deliver virtual on-site support, and GoToMyPC, a remote-access solution that enables individual users and enterprises, through the GoToMyPC Corporate managed service, to access and work on their PCs from any Internet location. The company is headquartered in Santa Barbara, Calif., with its European operations based in the UK.

Buy $225M

Seller(S) 1

SELLER

Baker Capital

New York, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baker Capital is a specialist private equity firm focused on the opportunity in the communications industry created by deregulation, new technology, and growth of the internet. Baker looks for investments in communications equipment, services, and applications providers. Baker prefers to exit investments within 5 years. Baker Capital was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 2 of 17
Sector (Software) 1 of 3
Type (Add-on Acquisition) 1 of 12
State (Maryland) 1 of 1
Country (United States) 1 of 11
Year (2001) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-25 Totality

San Francisco, California, United States

Totality Corp. is a provider of remote managed services for business-critical applications and infrastructure.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 IQNavigator

Centennial, Colorado, United States

IQNavigator is a provider of services procurement and optimization solutions. IQNavigator’s vendor-neutral Managed Service Programs (MSP) and SaaS services procurement platform enables companies to source, procure, manage and measure all categories of indirect services on a global basis. The data and processes available through IQNavigator’s platform allow clients to realize potential cost savings, efficiency gains, improved compliance, faster fulfillment times and better reporting capabilities. IQNavigator was established in 1999 and is based in Centennial, Colorado.

Buy -