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

14 Mar 2017127 Shares

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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.

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Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com