Latest news with #CloudSoftwareGroup
Business Wire
05-08-2025
- Business
- Business Wire
Cloud Software Group to Acquire Arctera
FORT LAUDERDALE, Fla. & PLEASANTON, Calif.--(BUSINESS WIRE)--Cloud Software Group, Inc. today announced that it has entered into a definitive agreement to acquire Arctera, a global leader in data management, from funds affiliated with global investment firm Carlyle. Terms of the transaction were not disclosed. Upon close, Arctera will operate as a standalone business unit within the Cloud Software Group portfolio. Arctera is a global data management company created in 2024 following the combination of Veritas' Enterprise Data Protection business with Cohesity. Arctera's portfolio comprises Data Resilience delivered through InfoScale, Data Compliance through the Insight platform and Data Protection through Backup Exec. Arctera helps organizations thrive by delivering market-leading solutions that enable customers to trust, access and illuminate critical data. Headquartered in Pleasanton, California with employees and facilities around the world, Arctera delivers tailored data solutions to thousands of customers globally and generates more than $400 million of annual revenue and more than 40% adjusted EBITDA margins. 'This acquisition marks an exciting milestone for Cloud Software Group and an important step forward in our long-term growth strategy,' said Tom Krause, Chief Executive Officer of Cloud Software Group. 'We have a strong track record of continuing to invest in our portfolio of leading software brands, as evidenced by our work to improve profitability and long-term sustainability of the Citrix and TIBCO businesses. Looking ahead, we aim to acquire at-scale enterprise-focused software businesses that provide proven mission-critical capabilities and high value to public and private sector customers while also ensuring they're a good fit to operate within our proven Cloud Software Group model.' Krause continued, 'We have long admired Arctera's business and the work that the Arctera and Carlyle teams have done to expand the business. Arctera has grown into a leading provider of data and enterprise infrastructure software solutions for customers worldwide, and we are confident that Arctera's portfolio of Data Resilience, Data Compliance and Data Protection products will be a natural complementary addition to Cloud Software Group. We look forward to expanding the services and products we provide for both sets of customers through this acquisition.' 'We are thrilled to enter this next chapter in Arctera's evolution as we become a part of the Cloud Software Group team,' said Lawrence Wong, Chief Executive Officer of Arctera. 'Our mission has been to build on our pedigree of innovation across our three distinct product lines, each tailored to solve the most demanding data challenges for their customers. With Cloud Software Group's global resources, industry leading portfolio and seasoned leadership team, Arctera will be even better positioned to continue helping customers manage one of their most valuable assets: data.' The transaction is expected to close in the fourth quarter of 2025, subject to certain regulatory approvals and customary closing conditions. Cloud Software Group expects to fund the acquisition using cash on its balance sheet. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to Cloud Software Group. Citi is serving as exclusive financial advisor and Alston & Bird LLP is acting as legal counsel to Arctera. About Cloud Software Group Cloud Software Group provides the modern enterprise with mission-critical software. Composed of TIBCO, Citrix and software solutions, Cloud Software Group helps more than 100 million users around the globe evolve, compete, and succeed across private, public, managed, and sovereign cloud environments. To learn how to leverage Cloud Software Group's solutions for and across data, automation, insight, and collaboration, visit About Arctera Arctera helps organizations around the world thrive by ensuring they can trust, access, and illuminate their data from creation to retirement. Created in 2024 from Veritas Technologies, an industry leader in secure multi-cloud data resilience, Arctera comprises three business units: Data Compliance, Data Resilience and Data Protection. Arctera provides tens of thousands of customers worldwide, including 70% of the Fortune 100, with market-leading solutions that help them to manage one of their most valuable assets: data. Learn more at Follow us on X at @Arcteraio.
Tahawul Tech
15-07-2025
- Business
- Tahawul Tech
'We're not here to digitise old workflows – we engineer environments where work flows with life.' – Pierpaolo Taliento, MiCloud Software
CNME Editor Mark Forker sat down with Pierpaolo Taliento, CEO of MiCloud Software, to learn more about how the company's technologies are reimagining workflows, the principles that are guiding their approach to building digital workspaces of the future, the challenges that remain in our work from anywhere world – and how MiCloud are leveraging the power of AI and infusing it into their product portfolio. How does MiCloud Software envision the future of work, and what role do you see your company playing in that transformation? As the exclusive representative of Cloud Software Group (CSG) in EEMEA, our role goes beyond delivering technology — we act as architects of secure, intelligent, human-centric workspaces for a region as diverse as Eastern Europe, the Middle East, and Africa. We see the future of work not as a place, nor a set of tools, but as a living ecosystem that flexes around people, business needs, and the intelligence surrounding them. We are moving away from the outdated concept of 'workspace as a product.' In our vision, workspaces are borderless, adapting naturally to people's lives. AI becomes a silent co-pilot that enhances human judgment and anticipates needs. Security transforms from a constraint into a catalyst for freedom and trust. We're not here to digitize old workflows – we are here to engineer environments where work flows with life. That's the future — and that's MiCloud's mission in EEMEA. What leadership principles guide MiCloud's approach to building digital workspaces that are adaptive, resilient, and human-centric? First, we embrace systems thinking over rigid control. In a connected world, leadership means creating conditions where autonomy thrives and people can operate at their best — without micromanagement or artificial barriers. Second, we design for the invisible. The most powerful technologies are those you don't notice because they fit so seamlessly into your workflow that they simply disappear. We aim to make our solutions as intuitive and frictionless as possible. Third, we measure success by human impact, not just business metrics. A resilient workspace isn't just technically robust — it's emotionally sustainable. It fosters connection, supports creativity, and gives people a sense of purpose and belonging. How has your strategy shifted post-pandemic to support remote, hybrid, and globally distributed teams more effectively? The pandemic didn't just redefine where people work — it redefined how trust, collaboration, and value are created. Before 2020, digital tools were about process efficiency. Today, our strategy focuses on building connected ecosystems that make distributed work feel natural, fluid, and deeply human. We deliver Citrix and TIBCO software solutions that enable secure, high-performance digital workspaces and seamless data integration. We don't just sell licenses — we empower our partner ecosystem to deliver services, customization, and local support, ensuring our customers can scale, adapt, and succeed across diverse markets. Our shift has been from providing software platforms to enabling environments where people, AI, and systems collaborate in real time — with Citrix powering secure, flexible access and TIBCO driving intelligent data integration and insights. This isn't just a shift from office to remote. It's a shift from control to connection — with Citrix and TIBCO at the heart, and our partners amplifying the value on the ground. What are the biggest challenges companies face when adopting flexible work policies, and how can technology help overcome them? The real challenge with flexible work isn't technology — it's human nature. Companies fear losing control, employees fear losing connection, and leaders fear losing visibility. The result is often a patchwork of policies, tools, and compromises that please no one and frustrate everyone. In EEMEA, where cultures, infrastructures, and regulations vary widely, this tension is even sharper. Flexibility without clarity breeds confusion. Freedom without trust breeds chaos. That's where technology becomes more than a tool — it becomes the backbone of a new social contract between employers and employees. With Citrix, we provide digital workspaces that guarantee secure, seamless access, no matter where or how people work. With TIBCO, we help organizations integrate and visualize data across distributed environments, so decisions stay informed and connected. But most importantly, we believe technology should guide flow — not enforce control. The future of flexible work depends on systems that empower autonomy, foster transparency, and make trust the default setting. How is MiCloud Software integrating AI into its products or services to enhance productivity and employee experience? We don't believe in AI for the sake of AI. We believe in AI that makes work more human. Through Citrix, AI helps create adaptive workspaces — predicting user needs, streamlining access, and reducing digital noise. It's the silent assistant that removes friction: fewer logins, smarter resource allocation, and a personalized experience that feels natural, not intrusive. With TIBCO, AI transforms data into decisions. It empowers organizations to visualize complex data, detect patterns, and automate insights — helping leaders make smarter choices in real time. But for us, AI isn't a product feature. It's a philosophy. We see it as a co-pilot that relieves people from the dull, the repetitive, and the overwhelming — so they can focus on creativity, connection, and leadership. What are your thoughts on the ethical use of AI in workplace settings, especially concerning employee monitoring and decision-making? We believe AI in the workplace should follow one golden rule: If it wouldn't be acceptable in a human relationship, it shouldn't be acceptable in a digital one. AI should never be used as a surveillance tool. Monitoring behavior to control people erodes trust, stifles creativity, and breaks the very human connection that flexible work relies on. Instead, AI should act as a guide — highlighting patterns, offering insights, and supporting better decisions. With Citrix, this means enabling proactive security and seamless user experiences without ever crossing into invasive oversight. With TIBCO, it means empowering data-driven leadership that's transparent, explainable, and always accountable. We see AI as a mirror, not a magnifying glass. It should reflect opportunities, not expose weaknesses. Our commitment is simple: We build technology that protects human dignity first — and serves business goals second. That's not just ethics. That's long-term business sense.
Bloomberg
25-06-2025
- Business
- Bloomberg
Vista Raises $5.6 Billion for Cloud Software Continuation Fund
Vista Equity Partners gathered $5.6 billion in order to keep Cloud Software Group for longer, tapping its own buyout funds and new investors to seal a blockbuster single-asset continuation fund, according to people with knowledge of the matter. Vista raised a record $2.7 billion of fresh capital for the deal, according to the people, who asked not to be named because the transaction is private. It turned to other vintages of its flagship private equity funds — Vista Equity Partners VII and Vista Equity Partners VIII — to commit about $2.2 billion to the continuation fund, some of the people said.
The Hill
31-05-2025
- Business
- The Hill
Business leaders are reshaping Washington and delivering for taxpayers
President Trump's historic comeback victory included a mandate from the American people to reform the federal government. The inefficiencies of our broken bureaucracy are all too apparent to everyday Americans, and it was a big reason why they hired a new administration that specifically ran on fixing the system. Americans know the problems our government faces today are urgent and require immediate action. They have watched as the federal bureaucracy has exploded in size and as their tax dollars are wasted on frivolous spending. All of us realize that maintaining our current course is no longer sustainable. We are trillions of dollars in debt, and steadily approaching a point of no return. As Americans cut costs and work tirelessly to balance their own budgets after four years of economic uncertainty, they are now rightly demanding that the federal government do the same. But like the old cliche about the definition of insanity, there is no reason to think that the same processes and personnel who have spent decades in government bureaucracies will be able to reform themselves without some outside help. The status quo won't shake up the status quo. We need an infusion of new ideas, personnel and leadership in our capital city. Specifically, we need to lean on one of America's great strengths and resources: our incredibly successful, world-leading private sector. American businesses are second to none. We need to tap into the insights, methods and expertise of our business leaders and technical experts to turn the government around. Thankfully, President Trump and his administration are doing just that. A number of the president's cabinet secretaries are Washington outsiders who bring heavyweight private sector resumes to their new roles. The same goes for key subcabinet posts. For example, President Trump's nominee to run the federal Office of Personnel Management is a venture capitalist and tech executive with a quarter century of high-stakes business leadership under his belt. The most notable place where the president has brought in fresh energy and ideas from the private sector is the Department of Government Efficiency. Everybody knows about its leader, the hugely successful and outspoken entrepreneur Elon Musk. But a wealth of other top tech talent is working away behind the scenes, helping to find new efficiencies, examples of waste to cut and opportunities to update and upgrade how our government works. The team includes the sharp, young engineers who have attracted political and press attention, but it also includes veteran executives and marquee leaders who have answered the call to serve. Tom Krause, CEO of Cloud Software Group, is helping reform the Treasury Department's ancient payment processes. Joe Gebbia, co-founder of Airbnb, is helping to digitize the tangled processes around federal retirements. All of us are lucky that such well-respected minds in business and management are helping refocus our government around stewarding funds wisely and getting results. This is a turnaround project like no other, and it needs all hands on deck. I had the privilege of serving on the U.S. House Energy and Commerce Committee during my tenure representing the Commonwealth of Pennsylvania. I saw firsthand the misuse of federal funds, the inefficiency of the bureaucracy and the blatant waste of taxpayer dollars. But making meaningful cuts in a smart, targeted way can be tricky business. We want to crack down on waste, fraud and overreach but preserve genuinely important programs that support hardworking families, encourage innovation in key fields like energy, national security and AI, and give taxpayers a strong return for their money. Separating the wheat from the chaff takes skilled analysis and strong, outcome-driven leadership. These are not virtues for which Washington is famous. Luckily, the business world has them in spades. Despite consternation from some in the media about bringing private-sector expertise into government, this is absolutely nothing new. High-profile businesspeople have served and advised presidential administrations of both parties, bringing their fresh perspectives to bear on problems that have stumped the permanent class inside Washington. President Obama brought General Electric CEO Jeff Immelt to lead an economic advisory board, along with entrusting the executive chairman of Alphabet, Eric Schmidt, to lead a major Pentagon innovation board. President Biden staffed his Council of Advisors on Science and Technology with a whole list of private sector leaders, including from tech giants Google, Microsoft and Nvidia. President Trump and DOGE are working to fix the broken systems our government relies on. They are absolutely right to call upon our country's deep well of human capital in the form of our top business leaders to do it. The American people have spoken, and they want significant and meaningful reform. A majority of Americans support DOGE's mission to increase accountability and enact long-lasting federal reforms. Already, thanks to DOGE's efforts, billions of dollars worth of savings have been found. But if we're actually going to redirect the slow-moving shipwreck of federal waste and budget deficits, these early efforts must only be the beginning. We need to keep drawing on outside perspectives and the business world's results-driven mindset to cut through the jungle of red tape and deliver meaningful results for Americans everywhere.
The Hindu
28-05-2025
- Business
- The Hindu
Salesforce to buy Informatica for $8 billion to bolster AI data tools
Salesforce said on Tuesday it would buy Informatica for about $8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence market. The cloud-software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing for better profitability. Last year it shelved deal talks with Informatica after the companies failed to agree on deal terms. The negotiations picked up steam again in early April, when a handful of potential buyers, including private equity firms and other companies, approached Informatica around the same time, according to a person familiar with the sale process. Thoma Bravo and Cloud Software Group were part of the five interested buyers of the asset, that person and another person familiar with the process said. Thoma Bravo declined to comment, while Cloud Software Group was not immediately available to comment. Buying Informatica, in its biggest deal since its nearly $28 billion acquisition of Slack Technologies in 2021, would help Salesforce expand its data management tools as it doubles down on AI-powered products. The deal would also allow Salesforce to tighten control over how business data is managed and used, an essential step as it races to embed generative AI deeper into its products. "Salesforce and Informatica will create the most complete, agent-ready data platform in the industry," said Salesforce CEO Marc Benioff, adding the deal will strengthen its position in the $150 billion-plus data enterprise market. The company has been offering AI agents - programs that can handle routine work without human supervision - to businesses for recruiting and customer service. It has closed more than 1,000 paid deals for "Agentforce," its platform for creating AI-powered virtual representatives. Salesforce is paying $25 for each share of Informatica, a premium of about 30% to Informatica's closing price on May 22, the day before news of renewed talks emerged. Informatica shares were up 5.8% in afternoon trading at $23.86, while Salesforce was up 1.78%. Salesforce expects to close the deal in early next fiscal year starting February through a mix of cash and new debt. The deal is expected to boost its operating margin from the second year after closing. Scotiabank analysts said the move could help Salesforce catch-up with software rivals as "data management software is now most often sold as part of mega-vendor tool kits". The business software company has been a prolific dealmaker, buying data analytics firm Tableau Software in 2019 for $15.7 billion in stock, and Slack in 2021 in its biggest deal. Those deals drew scrutiny in 2023 when activist investors, including ValueAct Capital and Elliott Management, pressed for changes to improve profitability.
