Citrix may be for sale, but who’s buying?

14 Mar 2017

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Cloud giant Citrix is working with Goldman Sachs to seek potential buyers.

Citrix is understood to be up for sale again, and long-time partner Microsoft might just be a potential buyer.

The cloud and virtualisation giant is understood to be working with Goldman Sachs to seek potential suitors for the company, according to Bloomberg.

Citrix is believed to be a long-time acquisition target of Microsoft’s and the current CEO, Kirill Tatarinov, is a former Microsoft employee. The computer giant may have some competition on its hands, though, as several venture capital firms are thought to be actively eyeing up the company.

Citrix has a market cap of around $13.3bn.

Searching for a silver lining in the cloud

Citrix gave activist hedge fund Elliot Management a board seat in 2015.

The company reportedly attempted to persuade Dell to buy it in 2015. Instead, Dell acquired EMC in a monster $67bn acquisition that included Citrix rival VMware.

Last year, Citrix announced plans to spin off its GoTo business and merge it with LogMeIn Inc in a $1.8bn deal.

The company recently reported Q4 revenues of $908.4bn.

Citrix has around 9,500 employees in more than 90 countries worldwide. Its products are used by more than 100m users in 400,000 companies.

Worldwide, the company employs around 10,000 people.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years