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Citrix Is Working With Goldman Sachs on Potential Sale Process

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Photographer: John Taggart/Bloomberg
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Citrix Systems Inc. is working with advisers to seek potential suitors for the cloud-services company, according to people familiar with the matter.

The Fort Lauderdale, Florida-based company hired Goldman Sachs Group Inc. to sound out buyers including private equity firms, said the people, who asked not to be identified because the information isn’t public. Interest has been limited so far as Citrix’s large market valuation means buyout firms would have to team up to fund a bid, complicating any possible deal, the people said.