#8: Citrix Joins Tibco in Newly Formed Cloud Software Group

M&A again here, as two private equity firms closed on their purchase of Citrix, folding it into the brand-new Cloud Software Group with Tibco, the business intelligence software company.

The huge deal, worth $16.5 billion, establishes a software group that divides Citrix into three entities: Citrix (virtual desktops and digital workspaces), NetScaler and ShareFile. There are three other business units that include Tibco (its core application and data integration group, Jaspersoft and Information Builders.

Many were shocked earlier in the year when Tom Krause was tapped to lead the combined software group. He was president of Broadcom and worked on its pending $61 billion acquisition of VMware.