When technology companies Citrix and Tibco complete their 2022 merger, the new venture will get a fresh set of eyes at the executive level. After five years in leadership at Broadcom, including two as president, tech industry veteran Tom Krause will lead the newly-formed company as its inaugural chief executive officer. In recent years, Krause has been the face of Broadcom, especially while guiding the company’s high-profile deal to acquire VMware.
In January 2022, Vista Equity Partners announced its acquisition of business technology company Citrix, as well as its intention to merge it with Tibco, the business intelligence software venture it purchased in 2014. For Krause, his experience at Broadcom will directly inform his role; Citrix competes with his former company in the virtual desktop infrastructure (VDI) and cloud desktop as-a-service (DaaS) markets. On the other hand, Tibco provides analytics and data integration software, boasting partnerships with Amazon, Accenture, Wipro, and many others.
As the CEO of the new enterprise, Krause will be prepared to battle his former company—and its new addition, VMware—as potentially one of the largest software companies in the market. The Citrix-Tibco union will come out of the gate serving 100 million users in 100 countries.