Cloud Software Group
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Cloud Software Group Cloud Software Group is a conglomerate formed by Vista Equity Partners and Evergreen Coast Capital through the merger of Citrix and TIBCO Software. History On January 31, 2022, it was announced that Citrix had been acquired in a $16.5 billion d ...
is a conglomerate formed by
Vista Equity Partners Vista Equity Partners Management, LLC is an American private equity firm that invests in software, data, and technology-enabled businesses. It is one of the largest private equity firms in the world, managing over $100 billion in assets. Vista Eq ...
and Evergreen Coast Capital through the merger of
Citrix Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. C ...
and
TIBCO Software TIBCO Software Inc. is a business unit of Cloud Software Group that provides business intelligence, enterprise software. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America. H ...
.


History

On January 31, 2022, it was announced that Citrix had been acquired in a $16.5 billion deal by affiliates of
Vista Equity Partners Vista Equity Partners Management, LLC is an American private equity firm that invests in software, data, and technology-enabled businesses. It is one of the largest private equity firms in the world, managing over $100 billion in assets. Vista Eq ...
and Evergreen Coast Capital. Citrix would merge with
TIBCO Software TIBCO Software Inc. is a business unit of Cloud Software Group that provides business intelligence, enterprise software. It has headquarters in Palo Alto and offices in North America, Europe, Asia, the Middle East, Africa and South America. H ...
, a Vista portfolio company to form Cloud Software Group (CSG). In July 2022, Citrix announced that
Tom Krause Tom Gunnar Krause (5 July 1934 − 6 December 2013) was a Finnish operatic bass-baritone, particularly associated with Wolfgang Amadeus Mozart, Mozart roles. Early life Born in Helsinki, Tom Krause studied medicine for three years with the int ...
would succeed Robert Calderoni as CEO following the merger. It was also reported that Citrix would go private as part of the deal. 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. In July 2022, Krause became chief executive officer of the Cloud Software Group After Krause joined Cloud Software group it laid off 15 percent of its employees. A year later it laid off an additional 12 percent. In January 2025, Krause became involved with the U.S. Treasury Department as part of the
Department of Government Efficiency The Department of Government Efficiency (DOGE) is an initiative by the second Trump administration within the federal government of the United States. Its stated objective is to modernize information technology, maximize productivity, and cut ...
(DOGE). He was assigned as a
special government employee In United States federal law, a special government employee (SGE) is an advisor, expert or consultant who is appointed to work with the federal government. The role of special government employees is defined in Title 18 of the United States Code ...
to review the federal payment system and was granted limited access as a liaison between the Treasury and DOGE. On February 7, 2025, he was appointed as the
Fiscal Assistant Secretary of the Treasury The Fiscal Assistant Secretary of the Treasury is the highest-ranking career official in the United States Department of the Treasury. History According to statute, the Fiscal Assistant Secretary is appointed by the United States Secretary of t ...
, succeeding
Matthew Garber Matthew Adam Garber (25 March 1956 – 13 June 1977) was a British child actor, most notable as Mary Poppins (book series)#Banks children, Michael Banks in the 1964 film ''Mary Poppins (film), Mary Poppins''. His other screen credits include ''T ...
who had been acting in the role since David Lebryk's resignation. Krause continued to work at Cloud Software Group despite his employment by DOGE, this has been cited as a potential conflict of interest.


See also

*
JasperReports JasperReports is an open-source software, open source Java (programming language), Java reporting tool that can write to a variety of targets, such as: screen, a printer, into Portable Document Format, PDF, HTML, Microsoft Excel, Rich Text Format, ...
*
Spotfire TIBCO Spotfire is an artificial intelligence (AI)-based analytics platform. Before being acquired by TIBCO in 2007, Spotfire was a business intelligence company based in Somerville, Massachusetts. History Spotfire was co-founded by Christophe ...


References


External links

* {{official website Cloud Software Group