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Citrix Systems
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===Recent history=== Citrix reported a net income of $251.7 million in 2014, down from $339.5 million in 2013.<ref name="Reuters1">{{cite news |title=Citrix in last-ditch attempt to sell itself |author1=Linda Baker |author2=Greg Roumeliotis |url=https://www.reuters.com/article/us-citrix-m-a-idUSKCN0RM2T920150922 |work=[[Reuters]] |date=September 22, 2015 |access-date=13 October 2015 |url-status=live |archive-url=https://web.archive.org/web/20151022061452/http://www.reuters.com/article/2015/09/22/us-citrix-m-a-idUSKCN0RM2T920150922 |archive-date=22 October 2015 }}</ref> In July 2015, the company announced several changes to its board of directors, including making Robert Calderoni executive chairman and adding Jesse Cohn, a senior partner of activist hedge fund [[Elliott Management Corporation|Elliott Management]].<ref name=Dahlberg15>{{cite news |title=Citrix CEO stepping down, activist investor joins board |author=Nancy Dahlberg |url=http://www.miamiherald.com/news/business/article29207275.html |work=[[Miami Herald]] |date=July 28, 2015 |access-date=13 October 2015 |url-status=live |archive-url=https://web.archive.org/web/20150915163302/http://www.miamiherald.com/news/business/article29207275.html |archive-date=15 September 2015 }}</ref> That same month, the company announced that president and CEO Mark Templeton would retire after a replacement was found.<ref name=Darrow15>{{cite news |title=Citrix for sale? Maybe not. |author=Barb Darrow |url=http://fortune.com/2015/09/25/citrix-for-sale-maybe-not/ |work=[[Fortune (magazine)|Fortune]] |date=September 25, 2015 |access-date=13 October 2015 |url-status=live |archive-url=https://web.archive.org/web/20151022041802/http://fortune.com/2015/09/25/citrix-for-sale-maybe-not/ |archive-date=22 October 2015 }}</ref> On October 21, the company named its executive chairman, Robert Calderoni, as interim president and CEO.<ref name=Pounds15>{{cite news |title=Citrix appoints Robert Calderoni as interim CEO |author=Marcia Heroux Pounds |url=http://www.sun-sentinel.com/business/fl-citrix-third-quarter-2015-earnings-20151021-story.html |work=[[Sun-Sentinel]] |date=October 21, 2015 |access-date=22 October 2015 |url-status=live |archive-url=https://web.archive.org/web/20151024024237/http://www.sun-sentinel.com/business/fl-citrix-third-quarter-2015-earnings-20151021-story.html |archive-date=24 October 2015 }}</ref> In January 2016, Kirill Tatarinov, a former Microsoft executive, was named the president and CEO of Citrix and joined the company's board; Calderoni remained executive chairman of the board.<ref name=Pounds16>{{cite news |title=Citrix names former Microsoft executive as CEO |author=Marcia Heroux Pounds |url=http://www.sun-sentinel.com/business/careers/fl-new-citrix-ceo-20160120-story.html |work=[[Sun-Sentinel]] |date=20 January 2016 |access-date=5 February 2016 |url-status=live |archive-url=https://web.archive.org/web/20160124024856/http://www.sun-sentinel.com/business/careers/fl-new-citrix-ceo-20160120-story.html |archive-date=24 January 2016 }}</ref> In July 2016, as part of a deal with Boston-based SaaS company [[GoTo (US company)|LogMeIn]], Citrix announced that it had spun off its GoTo product line, which included [[GoToMeeting]], GoToWebinar, GoToWebcast, GoToTraining, GoToAssist and GoToMyPC, into a wholly owned subsidiary called GetGo.<ref name=Ray16>{{cite news |title=Citrix Q2 Earnings Beat, Spins off GoToMeeting; LogMeIn Surges 19% |author=Tiernan Ray |url=http://blogs.barrons.com/techtraderdaily/2016/07/26/citrix-q2-earnings-beat-spins-off-gotomeeting-logmein-surges-19/ |work=[[Barron's (newspaper)|Barron's]] |date=July 26, 2016 |access-date=7 March 2017 |url-status=live |archive-url=https://web.archive.org/web/20170322112134/http://blogs.barrons.com/techtraderdaily/2016/07/26/citrix-q2-earnings-beat-spins-off-gotomeeting-logmein-surges-19/ |archive-date=22 March 2017 }}</ref> In February 2017, Citrix completed a merger through which GetGo became a subsidiary of LogMeIn. The transaction was valued at approximately $1.8 billion.<ref name=Ohnesorge17>{{cite news |title=What LogMeIn's merger with Citrix's GoTo business means for Raleigh |author=Lauren K. Ohnesorge |url=http://www.bizjournals.com/triangle/news/2017/02/01/whatlogmeins-merger-with-citrixs-goto-business.html |work=[[American City Business Journals|Triangle Business Journal]] |date=February 1, 2017 |access-date=7 March 2017 |url-status=live |archive-url=https://web.archive.org/web/20170322202853/http://www.bizjournals.com/triangle/news/2017/02/01/whatlogmeins-merger-with-citrixs-goto-business.html |archive-date=22 March 2017 }}</ref> In July 2017, David Henshall became the company's CEO.<ref name=Fortune17>{{cite news |title=Citrix Just Replaced Its CEO—Again |author=Jonathan Vanian |work=[[Fortune (magazine)|Fortune]] |date=July 10, 2017 }}</ref> Also in 2017, Citrix expanded its partnership with Google. In May, Google announced that it would add support on its Chrome [[web browser]], including graphics processing unit acceleration, to run Citrix XenApp.<ref name="Condon17">{{cite news |title=Google rolls out enterprise bundle for Chrome, Citrix |last1=Condon |first1=Stephanie |url=https://www.zdnet.com/article/google-rolls-out-enterprise-bundle-for-chrome-citrix-support/ |newspaper=[[ZDNet]] |date=23 May 2017 |access-date=16 November 2017 |url-status=live |archive-url=https://web.archive.org/web/20171103201612/http://www.zdnet.com/article/google-rolls-out-enterprise-bundle-for-chrome-citrix-support/ |archive-date=3 November 2017 }}</ref> In July, the companies announced that they were working to allow Citrix Cloud to deploy virtualized apps and desktops on Google Cloud.<ref name="Tsidulko17">{{cite news |title=Citrix, Google strengthen cloud partnership |last1=Tsidulko |first1=Joseph |url=http://www.crn.com/news/cloud/300089171/citrix-google-strengthen-cloud-partnership.htm |newspaper=CRN |date=20 July 2017 |access-date=16 November 2017 |url-status=live |archive-url=https://web.archive.org/web/20171222105123/http://www.crn.com/news/cloud/300089171/citrix-google-strengthen-cloud-partnership.htm |archive-date=22 December 2017 }}</ref> In October 2017, Citrix told regulators of plans to lay off staff "across most functions" and consolidate offices in the fall of 2017 into 2018.<ref name="Pounds17-Herald">{{cite news |title=Citrix Systems plans layoffs |last1=Pounds |first1=Marcia Heroux |url=http://www.miamiherald.com/news/business/article177270771.html |newspaper=[[Miami Herald]] |date=5 October 2017 |access-date=16 November 2017 |url-status=live |archive-url=https://web.archive.org/web/20171108164238/http://www.miamiherald.com/news/business/article177270771.html |archive-date=8 November 2017 }}</ref> The company carried out layoffs in [[Raleigh, North Carolina]], and office closures in [[Santa Barbara, California]], and [[Tempe, Arizona]].<ref name="Diamond17">{{cite news |title=Citrix confirms Raleigh layoffs |last1=Diamond |first1=Max |url=http://www.newsobserver.com/news/business/article177078091.html |newspaper=[[The News & Observer]] |date=4 October 2017 |access-date=16 November 2017 |url-status=live |archive-url=https://web.archive.org/web/20171109140143/http://www.newsobserver.com/news/business/article177078091.html |archive-date=9 November 2017 }}</ref><ref name="Yamamura17">{{cite news |title=Citrix software giant winds down at Santa Barbara location |last1=Tamamura |first1=Jean |url=http://www.independent.com/news/2017/oct/10/citrix-software-giant-winds-down-santa-barbara-loc/ |newspaper=[[Santa Barbara Independent]] |date=10 October 2017 |access-date=16 November 2017 |url-status=live |archive-url=https://web.archive.org/web/20171013182245/http://www.independent.com/news/2017/oct/10/citrix-software-giant-winds-down-santa-barbara-loc/ |archive-date=13 October 2017 }}</ref> Citrix unveiled its Citrix Analytics security software at the 2017 Citrix Synergy conference in [[Orlando, Florida]], in May 2017.<ref name="Gagliordi17">{{cite news |title=Citrix rolls out new cloud, analytics services for enterprises |last1=Gagliordi |first1=Natalie |url=https://www.zdnet.com/article/citrix-rolls-out-new-cloud-analytics-services-for-enterprises/ |newspaper=[[ZDNet]] |date=23 May 2017 |access-date=18 December 2017 |url-status=live |archive-url=https://web.archive.org/web/20171108103920/http://www.zdnet.com/article/citrix-rolls-out-new-cloud-analytics-services-for-enterprises/ |archive-date=8 November 2017 }}</ref> The software detects and responds to security threats using [[artificial intelligence]].<ref name="Edmond17">{{cite news |title=Citrix Analytics Service targets IT security market with AI |last1=Edmond |first1=Ramin |url=http://searchenterprisedesktop.techtarget.com/news/450419417/Citrix-Analytics-service-targets-IT-security-market-with-AI |newspaper=[[TechTarget]] |date=23 May 2017 |access-date=18 December 2017 |url-status=live |archive-url=https://web.archive.org/web/20171223160444/http://searchenterprisedesktop.techtarget.com/news/450419417/Citrix-Analytics-service-targets-IT-security-market-with-AI |archive-date=23 December 2017 }}</ref> Citrix then unveiled Citrix Analytics for Performance at the 2019 Citrix Summit conference in Orlando, Florida, in May 2019. The software quantifies user experience for Virtual applications and desktop users and also leverages machine learning to troubleshoot performance issues. In 2018, Citrix changed the names of some of its products to represent its shift to a cloud operating model.<ref>{{Cite web|url=https://www.citrixguru.com/2018/05/08/citrix-rebranding-2018/|archive-url=https://web.archive.org/web/20180607175450/http://www.citrixguru.com/2018/05/08/citrix-rebranding-2018/|url-status=usurped|archive-date=June 7, 2018|title=Citrix quietly changes all its product names! Goodbye NetScaler, Xen, Receiver, ShareFile and more - Nicolas Ignoto, CTP|last=Ignoto|first=Nicolas|date=2018-05-08|website=Citrix Guru - Nicolas Ignoto, CTP|language=en-US|access-date=2019-08-16}}</ref> The company stated that it made the name changes to present a unified product line so that end users can create, manage, and deploy workspaces with apps and data from a single console. The company dropped its Xen and NetScaler brand names: XenApp and XenDesktop became Citrix Virtual Apps and Desktops; XenMobile became Citrix Endpoint Management; ShareFile integration became Citrix Content Collaboration; XenServer became Citrix Hypervisor; Cedexis became Citrix Intelligent Traffic Management; and NetScaler products kept their identities, but the "NetScaler" brand name was replaced with "Citrix ADC" for Application Delivery Controller.<ref name="CRN-Afifi-Sabet-170518">{{cite news |title=Citrix quietly ditches Xen and NetScaler brands days after Synergy 2018 |last1=Afifi-Sabet |first1= Keumars |url=https://www.itpro.co.uk/virtualisation/31128/citrix-quietly-ditches-xen-and-netscaler-brands-days-after-synergy-2018 |work=IT Pro |date=May 16, 2018 |access-date=August 16, 2019}}</ref> Henshall stepped down in October 2021, and Calderoni was again named interim CEO.<ref>{{cite web |last1=Condon |first1=Stephanie |title=Citrix names Bob Calderoni as interim CEO, president |url=https://www.zdnet.com/article/citrix-names-bob-calderoni-as-interim-ceo-president/ |website=[[ZDNet]] |access-date=October 14, 2021 |language=en |date=October 6, 2021}}</ref> On January 31, 2022, it was announced that Citrix had been acquired in a $16.5 billion deal by affiliates of [[Vista Equity Partners]] and Evergreen Coast Capital. Citrix would merge with [[TIBCO Software|TIBCO]], a Vista portfolio company to form [[Cloud Software Group]] (CSG).<ref>{{cite web |date=12 September 2022 |title=Citrix sets $4B high yield bond offering backing LBO |url=https://finance.yahoo.com/news/citrix-sets-4b-high-yield-050000509.html}}</ref><ref name="crn-csg" /> In July 2022, Citrix announced that [[Tom Krause (business executive)|Tom Krause]] would succeed Robert Calderoni as CEO following the merger. It was also reported that Citrix would go private as part of the deal.<ref>{{Cite web |last=Gain |first=Vish |date=2022-01-31 |title=Citrix to go private after $16.5bn acquisition by Vista and Elliott |url=https://www.siliconrepublic.com/business/citrix-acquisition-vista-elliott-private-tibco |access-date=2022-01-31 |website=Silicon Republic |language=en}}</ref><ref>{{cite web |author=Charlotte Trueman |date=March 23, 2022 |title=Noteworthy tech acquisitions 2022 |url=https://www.computerworld.com/article/3646533/noteworthy-tech-acquisitions-2022.html |access-date=March 25, 2022 |website=Computer Weekly}}</ref><ref name="Bloomberg July2022">{{cite news |last1=Scigliuzzo |first1=David |last2=Gurumurthy |first2=Gowri |last3=Amodeo |first3=Jeannine |date=July 12, 2022 |title=Bank of America Starts Sounding Out Investors on Citrix Buyout Debt |work=[[Bloomberg News]] |url=https://www.bloomberg.com/news/articles/2022-07-12/bofa-starts-sounding-out-investors-on-citrix-buyout-debt |access-date=November 7, 2022}}</ref> As part of the merger, in September 2022, Citrix announced a $4.55 billion-equivalent cross-border term loan to back its $16.5 billion buyout by Vista Equity and Evergreen Coast Capital. Following the merger, the Citrix Hypervisor product-line was spun-off into a standalone business unit under CSG and rebranded as XenServer.<ref>{{cite web |last=Sharwood |first=Simon |url=https://www.theregister.com/2023/01/23/xenserver_socket_licences/ |title=XenServer, split from Citrix, promises per-socket prices 'unlike certain other hypervisors' |date=January 23, 2023 |work=[[The Register]]}}</ref> In July 2022, Krause became chief executive officer of the Cloud Software Group<ref name=":0">{{Cite news |last=Haranas |first=Mark |date=February 3, 2025 |title=Citrix Parent CSG CEO Helping Elon Musk’s DOGE At Treasury Department |url=https://www.crn.com/news/cloud/2025/citrix-parent-csg-ceo-helping-elon-musk-s-doge-group-at-treasury-department |access-date=February 7, 2025 |website=The Channel Company}}</ref> After Krause joined Cloud Software group it laid off 15 percent of its employees.<ref>{{cite news |last1=Gonsalves |first1=Antone |title=Thousands of Citrix, Tibco employees laid off following merger |url=https://www.techtarget.com/searchenterprisedesktop/news/252529104/Thousands-of-Citrix-Tibco-employees-laid-off-following-merger |access-date=February 9, 2025 |work=TechTarget |date=January 11, 2023}}</ref> A year later it laid off an additional 12 percent.<ref>{{cite news |last1=Alemany |first1=Jaqueline |last2=Stein |first2=Jeff |last3=Torbati |first3=Yeganeh |title=DOGE deputy to oversee powerful Treasury system as Musk demands cuts |url=https://www.msn.com/en-us/news/politics/treasury-installs-ally-of-musk-s-doge-as-head-of-payment-system/ar-AA1yBq1K |access-date=February 9, 2025 |newspaper=Washington Post |date=February 7, 2025}}</ref> In January 2025, Krause became involved with the [[U.S. Treasury Department]] as part of the [[Department of Government Efficiency]] (DOGE).<ref name=":0" /> He was assigned as a [[special government employee]] to review the federal payment system and was granted limited access as a liaison between the Treasury and DOGE.<ref name=":2">{{Cite news |last=Stratford |first=Michael |date=February 7, 2025 |title=Treasury elevates Musk ally to lead government payment system |url=https://www.politico.com/news/2025/02/07/treasury-musk-krause-doge-00203132 |access-date=February 7, 2025 |website=POLITICO |language=en}}</ref><ref>{{cite web |title=Treasury Department Letter to Members of Congress Regarding Payment Systems |date=8 February 2025 |url=https://home.treasury.gov/news/press-releases/sb0009 |publisher=U.S Department of the Treasury |access-date=February 9, 2025}}</ref> On February 7, 2025, he was appointed as the [[Fiscal Assistant Secretary of the Treasury]], succeeding [[Matthew Garber (American civil servant)|Matthew Garber]] who had been acting in the role since [[David Lebryk]]'s resignation.<ref name=":2" /> Krause continued to work at Cloud Software Group despite his employment by DOGE, this has been cited as a potential conflict of interest.<ref>{{cite magazine |title=Elon Musk's man in the Treasury Is Still Holding Down His Day Job as Software CEO |url=https://www.wired.com/story/musk-krause-treasury-bfs-conflict-of-interest/ |website=wired.com |publisher=Wired |access-date=February 14, 2025 |last1=Elliott |first1=Vittoria }}</ref>
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