At the Citrix Summit conference in Anaheim, California, yesterday, President and CEO Kirill Tatarinov announced the acquisition of Unidesk. Congratulations, Citrix, on a fine acquisition!
Articles Tagged with acquisition
The acquisitions have started early in 2017. It is only the fourth of January and we have our first major deal. The private investment firm Clearlake Capital has just shelled out a cool $1.1 billion for LANDESK.
In the past few years, LANDESK carved out a niche in the user virtualization market space, acquiring its major competitor and market leader AppSense in 2016, Xtraction Solutions in 2015, Naurtech and LetMoblie in 2014, and Shavlik from VMware in 2013.
Clearlake Capital has agreed to acquire LANDESK for a believed $1.1 billion in cash from Thoma Bravo and will be merging the company with its other UEM asset, HEAT Software USA.
The newly merged company, which is yet to be named, will be led by LANDESK CEO Steve Daly and headquartered in Utah. Current HEAT CEO and Clearlake Operating Advisor John Ferron will serve as the executive chairman of the newly merged company’s board.
Symantec has expanded its portfolio by acquiring identity protection firm LifeLock with a $2.3 billion dip into its pockets. Since Symantec divested itself of Veritas at a loss to the Carlyle Group in 2015, it has been looking to move into new markets. It acquired Blue Coat in August for $4.65 billion, a move that was seen to enhance its enterprise offerings.
As the business relationship between Citrix and Microsoft continues to flourish, it raises the question of whether the two will eventually tie the knot. Rumors of an acquisition have circulated on and off througout Citrix’s entire history, but could 2017 be the year that it finally happens?
Yesterday, after many worries—some regulatory (Would the EU sanction the deal? Would China sanction the deal?), some legal (Were the financial instruments being used to finance the deal unlawful under the US tax code?)—the biggest IT merger ever in terms of monetary value finally occurred. This is one of those landmark occasions. Two of the biggest names in our industry, Dell and EMC2, have merged to become Dell Technologies.