What a sad day for Citrites and thoughts for all the affected employees. What's next for the remains of Citrix? Asset sales of the Crown Jewels like NetScaler and Citrix Cloud to Microsoft (or AWS/VMware)?
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Does any one know David Le Strat survived it? He has really surprised me with his staying power!
Netscaler and Citrix cloud are crown jewels?
Ask any engineer about the mountains of technical debt there is over there.
No one is going to acquire these products because its going to cost more to integrate this into another stack than its actual value.
Can you imagine being TK? Gets up every morning to do the sh-t he does? Goes to bed feeling the way he does?
How does one get motivated in life for that?
More to life than that. Ge-z-us
It's not that a buyer has to buy the whole package. If there is a revenue stream for licenses and support from an existing client base, THAT is what they want. The customer base - and whatever personnel are needed to support them (which eliminates a lot of people.) And if they can upsell those clients with something more or different, even better.
I'd prefer it if my BU got sold to an actual technology company. But I'm in the same boat, having a hard time understanding the value proposition of anyone wanting to buy us.
Ah yes, Vista and the other investors were just looking to throw away $16bn. Fire everyone and shutdown sales and sell the parts and try to eke out a profit…that’s how these PI guys make their billions!
It's difficult to think which successful IT vendor would buy a CSG BU asset, given the history and legacy baggage. So, maybe it has to be another obsolete IT player like IBM. They specialize in financial engineering, and lack momentum in new product engineering.
Selling off BUs is the name of the game for Vista.
It's too late, all products are dead in the water, due to years of cost reductions and no investments in innovation.