Citrix Could Be Taken Private In Elliott, Vista Deal: Reports

Citrix Could Be Taken Private In Elliott, Vista Deal: Reports Publicly traded Citrix Systems could be taken private in a deal by hedge fund Elliott Management Corp. and Vista Equity Partners, according to multiple media reports. The news comes as Citrix leadership prepares to revamp its partner program in 2022. Citrix reportedly explored sales and spinoff strategies in 2017 and 2015. Bob Calderoni, Citrix’s interim president and CEO after David Henshall stepped down in the fall, said during the company’s most recent quarterly earnings call in November that Citrix had “some missteps” in its go-to-market strategy and forecasting, according to a transcript of the call. He promised “to shore up our channel programs and put in place the right incentives for our channel partners. Lima promised investment in a revamped incentives program for partners to make benefits more predictable, help increase the partner role post sale and align partners with Citrix’s priorities, including moving customers to the cloud and packaging more Citrix offerings to create end-to-end digital workspace services.