Nov
15
2018
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Citrix pays $200M to acquire Sapho, which connects legacy software with ‘micro apps’

As large organizations grapple with adopting modern work practices without throwing out all of their legacy software, a company that works with them is making an acquisition that it hopes will help with that process. Citrix today is announcing that it has acquired Sapho, a startup that develops “micro apps” for legacy software so that workers could use them as they would more modern applications: in the cloud, on mobile and more.

We understand that the acquisition was for around $200 million in an all-cash deal. It’s a good return: Sapho had raised just under $28 million since 2014 from investors that included AME Cloud Ventures, Louie Alsop, Felicis Ventures and more. Including co-founders Fouad ElNaggar and Peter Yared, the whole team of 90 employees, based mainly in the Bay Area and a development office in Prague, will be joining Citrix.

Citrix, for its part, currently has a market cap of about $14 billion and has been seeing a surge of interest under new CEO David Henshall, who has repositioned it from focusing mainly on virtual private networking services to a more hybrid cloud model, following a wider trend in the world of enterprise IT.

Citrix will be bringing on all of Sapho’s existing business and products. The two companies already have a strong overlap in their customer bases, CEO ElNaggar said, and it was in fact several of those customers asking for more integrations with Citrix services that drove Citrix approaching Sapho for this deal.

“The largest companies in the world are using Citrix and have a massive hybrid environment where they need to provide a more engaging set of experiences for their employees,” Tim Minahan, EVP Business Strategy and CMO of Citrix, said in an interview. “It doesn’t mean they will rip everything out and put in new software, and Sappho provides a great way to leverage that infrastructure and make them more insightful in their decision making. We see it as a way to rethink the role that enterprise apps play in their environment.”

Typical tasks that Sapho today provides integrations for by tapping into legacy software include expense reporting, sales software, IT support tickets and HR tasks. It feeds data from these into services like Microsoft Teams, Microsoft Dynamics, Oracle’s EBS, Salesforce and SAP ERP, Workday, Google Drive and more.

Ahead of Citrix buying Sapho we’d heard that IBM and Microsoft had eyed up the company and entered into early talks, underscoring the work Sapho had done, the deals it was winning and the gap in the market that it was filling.

Feb
21
2017
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Citrix CEO Kirill Tatarinov talks about punch cards and the 3D future

citrix-ceo-kirill-tatarinov Kirill Tatarinov has seen computing from bottom to top. As a student in the USSR he wrote programs on punch cards to manage the cutting edge hardware clones that Russia was churning out and now, as CEO of Citrix, he’s working on the next generation of managed computing. His vision for the future is simple: he thinks 3D will be the next big UI shift and that we need to be ready. Tatarinov… Read More

Jan
12
2016
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Citrix Is The Latest Enterprise Tech Firm Under Pressure From Activist Investors

shutterstock_313632269 Technology companies, particularly those with an enterprise bent, appear to be coming under increasing pressure from activist investors who want to squeeze out profits at the cost of products and jobs. Last year EMC pressed by an activist investor eventually sold the company to Dell for $67 billion. Citrix is the latest company facing this issue –and from the same investor as it… Read More

Jan
12
2015
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Citrix Scoops Up Virtual Storage Vendor Sanbolic

Black and white photo of spinning hard drive. Citrix purchased Sanbolic today, a company that provides virtual storage optimization services, filling in a missing piece in its virtualization product portfolio with the acquisition. It’s worth noting that Sanbolic plays nicely with Citrix desktop virtualization technology and considered Citrix a strong partner before the agreement, so the deal makes sense in that context. The… Read More

Aug
21
2014
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Google And Citrix Team Up To Launch A Better Citrix Receiver For Chrome OS

black-white-chromebook Google and Citrix today announced the launch of a new version the Citrix Receiver for Chrome that both hope will bring more businesses to Google’s Chrome OS platform.
Receiver gives users access to their virtual apps and desktops through XenDesktop and XenApp from their smartphones, tablets, PCs and Macs. After originally launching Receiver for Chrome, the company later transitioned… Read More

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