M&A Deal Summary

Cloud Software Group Acquires Citrix

On September 1, 2022, Cloud Software Group acquired software company Citrix from Vista Equity Partners and Evergreen Coast Capital

Acquisition Highlights
  • This is Cloud Software Group’s 2nd transaction in the Software sector.
  • This is Cloud Software Group’s 2nd transaction in the United States.
  • This is Cloud Software Group’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-09-01
Target Citrix
Sector Software
Buyer(s) Cloud Software Group
Sellers(s) Vista Equity Partners
Evergreen Coast Capital
Deal Type Add-on Acquisition

Target

Citrix

Fort Lauderdale, Florida, United States
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.

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Buyer(S) 1

Buyer

Cloud Software Group

Fort Lauderdale, Florida, United States
Category Company
Founded 2022
Sector Internet Software and Services
DESCRIPTION

Cloud Software Group is a provider of enterprise infrastructure software solutions encompassing virtualization, integration, data management, automation, business intelligence, collaboration, networking and security. Cloud Software Group is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Tibco

Palo Alto, California, United States

Tibco is a provider of middleware and infrastructure software. Tibco's standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. Tibco was formed in 1985 and is based in Palo Alto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 ShareFile

Raleigh, North Carolina, United States

ShareFile is a cloud storage, file sharing and collaboration solutions provider. ShareFile was formed in 2005 and is based in Raleigh, North Carolina.

Sell $875M

Seller(S) 2

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 65 of 70
Sector (Software) 27 of 28
Type (Add-on Acquisition) 32 of 35
State (Florida) 4 of 4
Country (United States) 60 of 65
Year (2022) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Tibco

Palo Alto, California, United States

Tibco is a provider of middleware and infrastructure software. Tibco's standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. Tibco was formed in 1985 and is based in Palo Alto, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Agdata

Charlotte, North Carolina, United States

Agdata is a provider of strategic data and analytical solutions to the world’s largest agricultural, crop protection, and animal health manufacturers. Agdata's solutions allow the input manufacturers and trait providers to analyze complex sales data and trends and develop and maintain marketing and seed rebate programs. Agdata was founded in 1985 and is based in Charlotte, North Carolina.

Sell -
SELLER

Evergreen Coast Capital

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Evergreen Coast Capital is a private equity firm that invests in a variety of industries and situations throughout the US. Evergreen Coast Capital is headquartered in Menlo Park, California.

DEAL STATS #
Overall 2 of 4
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 2 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Nielsen

New York, New York, United States

Nielsen is a global information and measurement company that provides clients with a comprehensive understanding of consumers and consumer behaviour. Nielsen delivers critical media and marketing information, analytics, and industry expertise about what consumers buy and what consumers watch (consumer interaction with television, online and mobile) on a global and local basis. Nielsen was founded in 1923 and is based in New York City.

Buy $16.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-29 DreamBox Learning

Bellevue, Washington, United States

DreamBox Learning provides a deeply personalized learning experience that guides and engages students at all levels with a combination of a rigorous K-8 math curriculum and a motivating learning environment that work seamlessly with pioneering Intelligent Adaptive technology. DreamBox Learning was founded in 2006 and is based in Bellevue, Washington.

Sell -
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