The Citrix deal and what it means for Tibco

▤ Summary

Announcing the company’s transition in January, Calderoni said: “Today’s announcement is the culmination of a strategic review process conducted over five months, including extensive outreach to both potential financial and strategic buyers.” According to Calderoni, becoming a private company will enable Citrix to transition into new areas as it strives to provide products and services to meet the appetite for digital transformation required by IT buyers. “Together with Tibco, we will be able to operate with greater scale and provide a larger customer base with a broader range of solutions to accelerate their digital transformations and enable them to deliver the future of hybrid work,” he said. “There are multiple ways to increase the adoption, but one of the techniques is to embed analytics or data-driven signals in digital workspaces (which is what Citrix provides), where these decision-makers ‘live’ during their office hours, so there is also benefit for Tibco.” Vista also recently acquired one of the leaders in robotic process automation (RPA), Blue Prism, for $1.63bn. RPA through Blue Prism potentially offers a way to both automate ingestion of multiple data sources and use advanced analytics to drive business processes automatically. This is a critical link for businesses driving a digital transformation strategy.” Although Gartner classifies Tibco as a leader, the report’s authors warned that many potential customers are not always as familiar with its iPaaS.

▦ Linked Companies

TIBCO

$100M to $250M