Citrix is a well-known American cloud software company. It was founded over three decades ago by the late Ed Iacobucci, a virtualization pioneer who began his career at IBM. The company, based in California, has over 400,000 enterprise clients worldwide, including most of the Fortune 100 and Fortune 500.
Citrix Hypervisor traces its roots to Xen, a virtualization software released in 2003 as a research project at the University of Cambridge. Citrix acquired XenSource, the company behind the Xen, in 2007 and, in 2018, renamed the enterprise version of Xen to Citrix Hypervisor.
The company currently employs nearly 10,000 people worldwide and has over $3 billion in annual sales.
Citrix Hypervisor is a free add-on for all customers that pay for Citrix desktop-as-a-service (DaaS). There's no standard pricing for Citrix DaaS-- you'll have to contact the company directly for a quote.
Yet, demo price estimates on Microsoft Azure's cloud platform show $20 per user per month for a 500-person contact center team and $18 per user per month for 1,000 office employees. It seems the unit price drops the more the number of users and rises the fewer the number.
A hypervisor is a software that creates and runs virtual machines. It enables one host computer to support multiple guest virtual machines by sharing its hardware resources.
A virtual machine (VM) is a software that emulates the functionality of a separate physical computer. For instance, you can run the Windows operating system on a MacBook laptop. Here, the Windows VM acts like its separate computer, and you can switch between it and your macOS operating system anytime.
There are many use cases for virtual machines. For example, you can use it to try a new operating system you’re considering adopting. Also, let’s say you’re a developer using a MacBook Pro powered by macOS but want to build an app for the Windows OS. You can run a Windows virtual machine and program your application instead of buying a new Windows-powered computer.
Citrix Hypervisor lets you run multiple independent virtual machines on a single physical computer. Any software program executed on these virtual machines is separated from the underlying host hardware resources. It works for personal computers and servers.
Citrix Hypervisor is based on the Xen Project hypervisor, with extra features and technical support provided by Citrix. The Xen hypervisor is a type-1 or bare-metal hypervisor, meaning it runs directly on the host machine’s physical hardware. The other type is the type-2 hypervisor, which runs on top of an existing operating system.
Citrix Hypervisor delivers fast and efficient performance as a type-1 hypervisor with direct access to the host hardware. It's also very secure owing to the absence of flaws and vulnerabilities that accompany operating systems. With this software, every virtual machine is isolated from the other, and the isolation helps protect them from cyber threats.
Key features of the Citrix Hypervisor include;
Resource pools enable Citrix users to manage multiple servers/virtual machines and their connected storage as a single entity. Thanks to this feature, you can move and run virtual machines on different Citrix Hypervisor hosts-- create on one server and move to another without interference.
A single pool can contain up to 64 servers running the same version of Citrix Hypervisor software but with different hardware.
If one server suffers a hardware failure, you can restart the failed virtual machines on another server within the same resource pool and have it running exactly as before. You can also configure virtual machines to migrate to another host automatically when their host fails.
Citrix Hypervisor lets users create disk images of virtual machines. A disk image is a file containing all the contents of a specific virtual machine– you can upload that image to another host system to deliver you an exact replica of that virtual machine.
Think of a disk image as a backup system for your virtual machine. Thanks to the Open Virtualization Format (OVF), an open-source standard, you can easily import or export virtual machines from one host machine to another– it doesn’t matter what virtualization software you created the VMs on.
This software supports two disk image formats; Virtual Hard Disk (VHD) and Virtual Machine Disk (VMDK).
Citrix Hypervisor lets you recover virtual machines from a hardware failure. It stores your virtual machine’s metadata (structural information about files and folders) in a backup environment. In case of failure, you can restore the metadata to recreate your virtual machine.
By default, Citrix Hypervisor uses a command line interface, meaning you must know specific codes to input to get the software to perform its functions. Using a command line interface is pretty challenging for the average computer user due to the requirement to memorize commands. Fortunately, you can install a Graphical User Interface (GUI) console to operate Citrix Hypervisor with less difficulty.
You can contact Citrix through email, live chat, or telephone to resolve issues. There’s also extensive documentation about Citrix Hypervisor on the official website.
The best alternative to Citrix Hypervisor that we’d recommend is VMware Workstation Pro (opens in new tab). It offers similar features to Citrix Hypervisor for a more affordable price. It’s also easier to use, but the drawback is that it isn’t compatible with the macOS operating system.
Citrix Hypervisor is a tool we’d gladly recommend for enterprises that want to create and manage a cluster of virtual machines. The main drawback is its high price which makes it unsuitable for small businesses with few employees.
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Sept 21 (Reuters) - Wall Street banks completed the sale of $8.55 billion in loans and bonds backing the leveraged buyout of business software company Citrix Systems Inc (CTXS.O) by accepting a $700 million loss, a person familiar with the matter said on Wednesday.
The process emerged as a key test of banks' ability to offload junk-rated debt from their books, a process that is necessary for them to recycle capital and comply with regulations governing their financial health.
While the syndication was completed successfully, it was done at a steep discount to the levels that the banks underwrote the debt. It was also buoyed by one of Citrix's acquirers, hedge fund Elliott Management, helping out by buying $1 billion in bonds, a second source said.
Private equity firms, which rely on junk-rated debt to juice returns in their acquisitions of companies, have witnessed banks retrench in the wake of Citrix and other deals weighing on their balance sheet. Bankers said this was unlikely to change soon, as rising interest rates and market volatility fueled by Russia's war in Ukraine raised the risk of deals they underwrite appearing mispriced just a few weeks later.
Banks led by Bank of America Corp (BAC.N), Credit Suisse Group AG (CSGN.S) and Goldman Sachs Group Inc sold a Citrix loan to investors of about $4.55 billion with an annual interest rate of 450 basis points over their benchmark and at a discount of 91 cents on the dollar, people familiar the matter said.
They also sold a $4 billion three-year Citrix bond for 83.6 cents on the dollar, resulting in a higher than expected yield of 10%, the sources added. Reuters had reported last week the loans were meeting strong demand, while the bonds, which were subordinated in Citrix's capital structure, were less popular. read more
Bank of America and Credit Suisse declined to comment. Goldman Sachs and Elliott did not immediately respond to requests for comment.
More debt syndication pain for the banks is on the way. A roughly $2 billion loan backing private equity firm Apollo Global Management Inc's (APO.N) purchase of telecommunication assets from Lumen Technologies is being marketed at a discount of 92 cents on the dollar, while a $1.87 billion bond for the same deal is being sold at a steep 10% yield.
Reporting by Abigail Summerville in New York and Matt Tracy in Washington, D.C.; Editing by Josie Kao
Our Standards: The Thomson Reuters Trust Principles.
All products and services featured are independently chosen by editors. However, Billboard may receive a commission on orders placed through its retail links, and the retailer may receive certain auditable data for accounting purposes.
COVID-19 transmission rates are no longer surging around the country, global deaths have hit their lowest rates since 2020, and while an end is in sight, “We are not there yet,” according to World Health Organization Director-General Dr. Tedros Adhanom Ghebreyesus.
Last week, the federal government suspended its free, at-home testing program. If you missed out, you may still be able to get a test for free, depending on where you live.
States like Minnesota, Massachusetts and North Carolina are offering residents free, at-home, self-tests through the mail and at participating pharmacies, food banks, health centers and other locations. If you’d rather not wait on snail mail, or risk potentially exposing someone else by buying a test in the store, you can get fast and free shipping on COVID-19 tests, face masks, personal care essentials, and millions of other items at Amazon. The iHealth COVID-19 Antigen Rapid Test ($17.98) is a No. 1 best-seller on Amazon with over 179,000 customer ratings.
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This 15-minute, self-test can be completed in the comfort and privacy of your own home. The rapid test is recommended for ages 15 years and older and is done by inserting a 1/2 to 3/4 inch of sample, non-invasive nasal swab (adult collection is required for children ages 2-14 years old).
In July, the Food and Drug Administration extended the shelf-life of at-home COVID tests from six months to a year. How do you know if your COVID test is expired? According to the FDA, the expiration dates is set at the end of the product’s shelf life, which is “determined by how long the test should work as expected and is measured from the date the test was manufactured.”
The FDA notes that the expiration date “may be extended” in some cases, but only after the “manufacturer provides data showing that the shelf-life is longer than was known when the test was first authorized.”
With fall right around the corner and flu season not too far behind, there could be an uptick in COVID cases by winter. When should you take an at-home COVID test? The CDC recommends that you test immediately if you have symptoms. If you have been exposed to COVID, but might not have symptoms, the CDC recommends testing at least five days after exposure.
For those attending large gatherings or events that require testing (or if you want to take a test as a precaution), the CDC advises that you take the test immediately before a gathering or close the time of the event.
If you have health insurance, you may be able to receive an FDA authorized at-home COVID test for free either at point of sale or through reimbursement (up to $12). Find more details here.
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Whether you’re taking a two-day road trip or living full time in your van there are some van kitchen essentials you’ll want to have.
With the limited space in a van having the right kitchen setup is a must. Here are some of our favorite campervan kitchen essentials.
The Instant Pot is perhaps the best van kitchen accessory we have ever owned. It just flat out does it all and replaces so many other appliances. Makes perfect rice, crock pot, quickly cooks frozen meats, baked potatoes, hard boiled eggs, and list goes on. We also use it as a second burner for our stove. In saute mode you can easily control the temp and use it as a frying pan or a pot to boil water. It’s so versatile!
As we all know van counter space can be quite limited that’s why we love extending our cooking space outside with this small folding table. It’s even great for gatherings when you need a bit of extra table space for a side dish or condiments.
When you’re short on space no one wants to take up real estate with bulky cutting boards. These thin, flexible color-coded cutting boards are perfect for making meal prep fast and easy. An added bonus is they can easily fit in a campervan kitchen sink when they’re dirty.
There is nothing like cooking with cast iron, this Lodge cast iron pan is a definite kitchen campervan essential. I know, we’re usually all about things being lightweight, but when it comes to cooking outdoors, you want to be cooking with cast iron!
We LOVE our blended smoothies for breakfast. Simply add some fruit, yogurt a bit of coconut milk and some chia seeds and we’re happy campers. I also use our blender to dice up veggies and make homemade hummus.
Then there is, of course, the blended cocktail nights that are always super fun. With all the versatility this small blender provides it makes the cut for our top kitchen campervan essentials that keep us happy.
Being how important coffee is to us I’m not sure why this isn’t in the number one spot. The Aeropress is the best portable coffee maker we’ve found, it makes the perfect cup of coffee every time. We’ve been using an Aeropress both in our home kitchen and campervan kitchen for several years now.
Collapsible food storage containers are one of the most common campervan kitchen essentials out there. I’m not sure of many Vanlifers that haven’t got sucked into buying these handy collapsible things.
I’m such a minimalist and would rather just ‘get by’ with what we have before buying the next new gadget. Yet, I finally realized that I couldn’t stand the space we were using up just to carry around a couple of food storage containers.
I LOVE how much space these save us in our van cabinet.
I highly recommend getting a good quality knife. A good knife is important in any kitchen, but specific to a van kitchen, you’ll want something that is versatile and works well for everything.
They are simple, inexpensive, and stack easily in a van kitchen. Go for simple. The nice part about these plastic plates is they are shatter resistant.
I’m sure there are more essentials I’ll think of along the way, but these 9 things have really helped us in our campervan kitchen.
Are you a full-time van lifer? If so, do you have anything to add to this list?
The post 9 Must Have Van Kitchen Essentials appeared first on Outside Nomad How To Travel.
The Citrix-Tibco deal passed a shareholder vote in April.
Virtualization and cloud products vendor Citrix and enterprise applications vendor Tibco Software have completed their merger, valued at $16.5 billion, with new leadership calling the combined company “a new global leader in enterprise software.”
The two companies announced the deal’s completion in a statement Friday. Investment firms Vista Equity Partners and Evergreen Coast Capital Corp. – an affiliate of Elliott Investment Management – took Fort Lauderdale, Fla.-based Citrix off the NASDAQ to complete the deal.
CRN has reached out to the companies for comment.
[RELATED: Citrix Partners: Go-Private Deal Hinges On Restoring ‘Heart Of True Innovation’]
Shareholders will receive $104 cash per share, according to the statement. The Citrix-Tibco deal passed a shareholder vote in April.
Tom Krause, who left Broadcom after the chip giant’s announced acquisition of VMware to become CEO of the combined Citrix and Palo Alto, Calif.-based Tibco, called the combined company “a new global leader in enterprise software” in the statement.
“We are excited to create a new global leader in enterprise software, designed for scale and growth, through the combination of Citrix and TIBCO,” Krause said. “The platform we have built will expand and deepen our relationships with our valued customers and partners, drive the future of mission-critical cloud software solutions and create long-term value for all our stakeholders.”
With the completion of the Citrix-Tibco deal, Krause revealed on LinkedIn that he is now CEO of Cloud Software Group (CSG), the owner of Citrix and Tibco.
A website for CSG said that Citrix and Tibco will remain separate business units as well as their major solution lines, including Citrix’s NetScaler and ShareFile and Tibco’s ibi and Jaspersoft.
The companies will retain their own branding as well, according to CSG.
Hector Lima, Citrix’s executive vice president and chief customer officer, has the title of EVP of field and channel sales with CSG, according to the website. Lima “leads the global sales, channel ecosystem and customer experience organization,” according to CSG.
Among the executives at CSG include Tibco Chief Information Officer Rani Johnson as CIO, Tibco Chief Financial Officer Tom Berquist as CFO.
Citrix Chief Product Officer Sridhar Mullapudi has been named general manager of Citrix. Tibco Chief Operating Officer Matt Quinn has been named general manager of Tibco, according to CSG.
Abhilash Verma, vice president of product management for application delivery and security at Citrix, has been named general manager of NetScaler. And Ali Ahmed, Tibco’s senior vice president of engineering, has been named CSG’s general manager of enterprise applications, according to the company.
Meanwhile, while Citrix and Tibco have joined together, Citrix subsidiary Wrike has formally split from the virtualization and cloud technologies vendor.
In March 2021, Citrix closed on its purchase of Wrike, a collaborative work management platform and Vista portfolio company, for $2.25 billion.
On Friday, Wrike CEO Andrew Filev posted on the company’s website announcing that Wrike has completed its separation from Citrix and has “the financial backing” of Vista and Evergreen.
“We will leverage our newfound position as a private, autonomous company to continue pursuing innovation focused on solving dynamic workplace challenges and meeting the needs of the modern workforce,” Filev said in the post.
He continued: “As Wrike moves forward, our focus remains the same. We have the most intuitive, versatile, and scalable work management platform on the market and a collaborative, driven team dedicated to freeing our customers to focus on their most purposeful work. There’s never been greater demand for a solution like ours and a better time to deliver it.”
In September, the company hired Brian Clark as chief revenue officer, according to his LinkedIn. He came to Wrike after more than three years with customer experience technologies provider InMoment, leaving with the title of executive vice president and chief revenue officer.
Long Path To Private Ownership
Citrix had a long path to returning to life as a private company. Elliott Management previously bought a stake in the company in 2015 and Elliott partner Jesse Cohn joined the board. He left in 2020, according to a Citrix statement from the time.
Citrix reportedly explored sales and spin-off strategies in 2015 and 2017. Citrix partners at the time voiced displeasure to CRN about Elliott’s 2015 presence.
Rumors of Elliott Management seeking ownership of Citrix popped up in the fall of 2021 following a 16 percent drop in Citrix’s share price year and Elliott Management buying a 10 percent stake in Citrix. Rumors of Elliott and Vista working together to take Citrix private first surfaced in December.
At the start of 2022, Citrix partners who spoke to CRN were cautiously optimistic about the deal.
Partners wanted to see Citrix’s actions back up executives’ words that the company was investing in its channel partner program – not to mention, investing in its technology to break out from the crowded market of vendors offering services aimed at remote workforces.
In 2021, even Citrix’s leadership voiced displeasure in Citrix’s go-to-market strategy. CEO David Henshall stepped down in the fall and interim President and CEO Bob Calderoni promised “to shore up our channel programs and put in place the right incentives for our channel partners.”
“The channel is still there. The channel hasn’t gone away,” Calderoni said on an earnings call in November. “They’re not selling somebody else’s products. They’re just focusing on other parts of their business. And like any part of a sales organization, and the channel is part of our sales organization, we want to make it more profitable for them to do business with us.”
Citrix channel chief Bronwyn Hastins left Citrix in May 2021 for Google Cloud, with Mark Palomba – Citrix’s chief operating officer of sales and services – taking over the role.
In April, Hector Lima told CRN about efforts to “decentralize” its partner program, pushing more resources for partners “out to the edge” and making Citrix easier to do business with for partners.
In addition to the partner program changes, Lima said that Palomba would leave the role of channel chief, with Citrix possibly adopting multiple channel chief roles.
Elliott Investment Management is said to have purchased about $1 billion of the junk-bond deal supporting its planned buyout of software company Citrix Systems (NASDAQ:CTXS).
Apollo Global (APO) also purchasde about $500 million of the the $4 billion bond deal, according to traders, who cited a Bloomberg report.
The update comes as banks have struggled in latest month to finance the $15 billion takeout of Citrix (CTXS) by Elliott and Vista Equity partners due to the nature of the financing markets. Several media outlets including Bloomberg earlier Wednesday reported that Wall Street banks are expected to lose about $600 million on debt backing the Citrix deal that they were forced to sell to investors at huge discounts.
The Elliott news also comes after an Apollo executive said a week ago that that he doesn't expect banks to to start financing debt for leveraged buyouts anytime soon. Banks aren't likely to fund large transactions until at least the fourth quarter due to the current economic uncertainty, David Sambur, co-head of private equity at Apollo told Bloomberg TV.
Citrix (CTXS) agreed in January to a $16.5 billion sale to Vista Equity and Elliott Management.
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One place likely comes to mind when you hear the phrase “happy place” — your bed. It's the comfiest spot in the house and where most of us spend at least a third of our time. Whether you're putting in your full eight hours of rest, reading or binge-watching, you'll want to ensure your bed is as cozy as it can be.
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Hartford Investment Management Co. grew its holdings in Citrix Systems, Inc. (NASDAQ:CTXS – Get Rating) by 1.0% during the 2nd quarter, according to its most latest Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,998 shares of the cloud computing company’s stock after purchasing an additional 124 shares during the quarter. Hartford Investment Management Co.’s holdings in Citrix Systems were worth $1,166,000 at the end of the most latest quarter.
Other large investors have also modified their holdings of the company. Prospera Financial Services Inc acquired a new stake in shares of Citrix Systems in the first quarter valued at approximately $31,000. Richelieu Gestion PLC acquired a new stake in shares of Citrix Systems in the first quarter valued at approximately $40,000. Covestor Ltd grew its position in shares of Citrix Systems by 81.9% in the first quarter. Covestor Ltd now owns 593 shares of the cloud computing company’s stock valued at $60,000 after purchasing an additional 267 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Citrix Systems in the fourth quarter valued at approximately $63,000. Finally, Bank of New Hampshire acquired a new stake in shares of Citrix Systems in the first quarter valued at approximately $68,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of CTXS opened at $103.90 on Friday. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 40.12 and a beta of 0.08. The company’s 50 day simple moving average is $103.08 and its 200 day simple moving average is $101.04. Citrix Systems, Inc. has a 1 year low of $78.07 and a 1 year high of $108.84.Citrix Systems (NASDAQ:CTXS – Get Rating) last posted its quarterly earnings results on Tuesday, July 26th. The cloud computing company reported $0.96 earnings per share for the quarter. The company had revenue of $859.52 million for the quarter. Citrix Systems had a net margin of 9.97% and a return on equity of 68.95%.
Separately, StockNews.com downgraded shares of Citrix Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 30th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $89.80.
Citrix Systems, Inc, an enterprise software company, provides workspace, app delivery and security, and professional services worldwide. The company offers workspace services, including Citrix Workspace; Citrix Virtual Apps and Desktops; Collaborative Work Management; Citrix Content Collaboration, a cloud-based file sharing, digital transaction, and storage solution, which provides enterprise-class data services on various corporate and personal mobile devices; Citrix Analytics for Security that assesses the behavior of Citrix Virtual Apps and Desktops, and Citrix Workspace users and applies actions to protect sensitive corporate information; Citrix Analytics for Performance, which uses machine learning to quantify user experience; Citrix Secure Workspace Access that provides an end-to-end solution to implement Zero Trust principles; and Citrix Secure Internet Access, which provides a solution that protects direct internet access for branch and remote workers using unsanctioned apps.
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