Prodded by billionaire investor Paul Singer, Citrix Systems has hired Goldman Sachs to explore a possible sale of the company, The Post has learned.
The cloud-computing firm is looking to sell itself for the second time in two years, this time looking for a buyer willing to pay more than $15 billion for the business, two sources close to the situation said.
Presently, Goldman is reaching out to logical suitors like private equity firm Vista Equity Partners to gauge their interest, a source said.
“They are seeing if there is enough interest to start an auction.”
Singer’s activist investing firm Elliott Management has held a Citrix board seat since 2015. As of Dec. 31, Elliott held a 4.6 percent Citrix stake.
Elliott’s head of US activism, Jesse Cohn, has had the seat since July 2015.
In the spring of 2017, Citrix had searched for buyers and came up empty. Since then, the cloud services company has increased in value from about $80 a share to its Tuesday closing price of $100.13, giving it a valuation of roughly $13 billion.
The company has reportedly been cutting staff and executive positions.
Citrix did not return calls.