Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, and Evergreen Coast Capital Corp. (“Evergreen”), an affiliate of Elliott Investment Management L.P. (together with its affiliates, collectively, “Elliott”), has announced the successful completion of their previously announced transaction to acquire Citrix Systems, Inc. (NASDAQ: CTXS) (“Citrix”) and combine it with TIBCO Software (“TIBCO”). Citrix is now a part of the Cloud Software Group.

The transaction is valued at $16.5 billion, including the assumption of Citrix debt, and follows the receipt of all regulatory approvals and compliance with all closing conditions. The transaction closed in accordance with the economic terms previously set forth and within the previously announced timeline. Under the terms of the agreement, Citrix shareholders will receive $104.00 in cash per share. With the completion of this deal, Citrix common stock has ceased trading and is no longer listed on the NASDAQ Stock Market.

Tom Krause, CEO of the combined company( Cloud Software Group Holdings Inc) , said: “We are excited to create a new global leader in enterprise software, designed for scale and growth, through the combination of Citrix and TIBCO. The platform we have built will expand and deepen our relationships with our valued customers and partners, drive the future of mission-critical cloud software solutions and create long-term value for all our stakeholders.”

Monti Saroya, Co-Head of Vista’s Flagship Fund and Senior Managing Director, and John Stalder, Managing Director at Vista, said: “The completion of this transaction marks the beginning of a new chapter for both Citrix and TIBCO. We look forward to our partnership with Tom, the management team and the combined company’s talented employees around the world as they continue to innovate and transform the enterprise software landscape and capture the enormous opportunity ahead.”

David Kerko, Head of North American Private Equity at Elliott, and Isaac Kim, Senior Managing Director at Evergreen, said: “The combined company is well positioned for long-term success, leveraging the individual strengths of both Citrix and TIBCO, each established industry leaders. We are pleased to partner with all our valued employees and partners to realize the immense potential of the combined company going forward.”

“The platform we have built will expand and deepen our relationships with our valued customers and partners, drive the future of mission-critical cloud software solutions and create long-term value for all our stakeholders.” says Tom Krause CEO of Cloud Software Group.