Citrix : 2022 Definitive Proxy Statement

Dear Stockholders:

You are cordially invited to attend a special meeting of stockholders of Citrix Systems, Inc., a Delaware corporation ("Citrix" or the "Company"), which will be held virtually on Thursday, April 21, 2022 at 8:00 a.m. Eastern time (including any adjournments or postponements thereof, the "Special Meeting"). Stockholders will be able to attend the Special Meeting by visiting www.virtualshareholdermeeting.com/CTXS2022SM and using the 16-digit control number included in your proxy materials. You will not be able to attend the Special Meeting physically in person. For purposes of attendance at the Special Meeting, all references in the accompanying proxy statement to "present in person" or "in person" shall mean virtually present at the Special Meeting.

At the Special Meeting, you will be asked to consider and vote upon the adoption of the Agreement and Plan of Merger, dated as of January 31, 2022 (as it may be amended, supplemented or otherwise modified from time to time, the "Merger Agreement"), by and among the Company, Picard Parent, Inc., a Delaware corporation ("Parent"), Picard Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Subsidiary"), and solely for the limited purposes described in the Merger Agreement, TIBCO Software Inc., a Delaware corporation ("TIBCO"), which provides for the merger of Merger Subsidiary with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent (the "Merger") on the terms and conditions set forth in the Merger Agreement. Parent, Merger Subsidiary and TIBCO are entities affiliated with Vista Equity Partners Management, LLC ("Vista"). Vista is partnering with Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management L.P. ("Elliott"), in connection with the Merger. If the Merger is completed, you will be entitled to receive $104.00 in cash, without interest and less any applicable withholding taxes, for each share of common stock, par value $0.001 per share, of the Company (referred to as "Citrix common stock") that you own as of immediately prior to the effective time of the Merger, unless you seek and perfect your statutory appraisal rights under Delaware law.

After careful consideration, the members of Citrix's board of directors (the "Citrix Board"): (1) declared that the Merger Agreement, the Merger and the other transactions contemplated by the Merger Agreement were advisable and in the best interests of the Company's stockholders; (2) approved the Merger Agreement, the Merger and the other transactions contemplated by the Merger Agreement; and (3) recommended the adoption of the Merger Agreement to the Company's stockholders. Accordingly, the Citrix Board recommends a vote "FOR" the proposal to adopt the Merger Agreement and "FOR" each of the other proposals to be voted on at the Special Meeting.

The proxy statement accompanying this letter provides you with more specific information concerning the Special Meeting, the Merger Agreement, the Merger and the other transactions contemplated by the Merger Agreement. A copy of the Merger Agreement is attached as Annex Ato the proxy statement. We encourage you to read the proxy statement, the accompanying annexes and any documents incorporated by reference in the proxy statement carefully and in their entirety.

Your vote is important, regardless of the number of shares of Citrix common stock you own. The Merger cannot be completed unless the Merger Agreement is adopted by stockholders holding a majority of the outstanding shares of Citrix common stock entitled to vote at the Special Meeting. Whether or not you plan to attend the Special Meeting virtually, to ensure your representation at the Special Meeting, we urge you to vote via the Internet at www.virtualshareholdermeeting.com/CTXS2022SM or by telephone at

1-800-690-6903 by following the instructions on the physical proxy card you received in the mail and which are also provided on that website; or, by signing, voting and returning the enclosed proxy card by mail in the prepaid reply envelope. If you attend the Special Meeting, you may vote electronically at the meeting even

if you have

previously returned your proxy card or have voted via the Internet or by telephone and your electronic vote at the Special Meeting will revoke any proxy that you have previously submitted.

If you are a beneficial owner of shares of Citrix common stock held in "street name," you should instruct your bank, broker or other nominee how to vote your shares in accordance with the voting instruction form provided to you by your bank, broker or other nominee. Your bank, broker or other nominee cannot vote on any of the proposals, including the proposal to adopt the Merger Agreement, without your instructions.

If you have any questions or need assistance voting your shares, please contact Citrix's proxy solicitor:

MacKenzie Partners, Inc.

1407 Broadway, 27th Floor

New York, NY 10018

Stockholders may call toll free: 1 [phone] Banks and Brokers may call collect: 1 [phone]

On behalf of the Citrix Board, I thank you for your ongoing support and appreciate your consideration of these matters.

Very truly yours,

Robert M. Calderoni

Chairman of the Board of Directors

and Interim Chief Executive Officer and President

The accompanying proxy statement is dated March 16, 2022 and is first being mailed to holders of Citrix common stock on or about March 17, 2022.

851 West Cypress Creek Road

Fort Lauderdale, Florida 33309

NOTICE OF SPECIAL MEETING OF STOCKHOLDERS

To Be Held at 8:00 a.m., Eastern time, on Thursday, April 21, 2022

To the stockholders of Citrix Systems, Inc.:

Notice is hereby given that a special meeting (including any adjournments or postponements thereof, the "Special Meeting") of stockholders of Citrix Systems, Inc., a Delaware corporation ("Citrix"), will be held virtually on Thursday, April 21, 2022, at 8:00 a.m., Eastern time, for the following purposes:

1. To consider and vote on a proposal to adopt the Agreement and Plan of Merger, dated as of January 31, 2022 (as it may be amended, supplemented or otherwise modified from time to time, the "Merger Agreement"), by and among Citrix, Picard Parent, Inc., a Delaware corporation ("Parent"), Picard Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Subsidiary"), and solely for the limited purposes described in the Merger Agreement, TIBCO Software Inc., a Delaware corporation. Pursuant to the terms of the Merger Agreement, Merger Subsidiary will merge with and into Citrix, with Citrix continuing as the surviving corporation and a wholly owned subsidiary of Parent (the "Merger");
2. To consider and vote on a proposal to approve, on an advisory, non-binding basis, the compensation that may be paid or may become payable to Citrix's named executive officers in connection with the Merger (the "compensation proposal"); and
3. To consider and vote on a proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt the Merger Agreement at the time of the Special Meeting (the "adjournment proposal").

Only holders of shares of common stock, par value $0.001 per share ("Citrix common stock"), as of the close of business on March 8, 2022, are entitled to notice of, and to vote at, the Special Meeting. Citrix continues to use the virtual meeting format to facilitate stockholder attendance and participation by leveraging technology to communicate more effectively and efficiently with stockholders. This format empowers stockholders to participate fully from any location around the world, at no cost.

All stockholders are cordially invited to attend the Special Meeting. Similar to annual stockholder meetings, Citrix is pleased to conduct the Special Meeting solely online via the Internet through a live webcast and online stockholder tools. Stockholders will be able to attend the Special Meeting by visiting www.virtualshareholdermeeting.com/CTXS2022SM and by using the 16-digit control number included in their proxy materials. You will not be able to attend the Special Meeting physically in person. For purposes of attendance at the Special Meeting, all references in this proxy statement to "present in person" or "in person" shall mean virtually present at the Special Meeting.

The Board of Directors of Citrix recommends that stockholders vote "FOR" the proposal to adopt the Merger Agreement, "FOR" the advisory, non-binding compensation proposal, and "FOR" the adjournment proposal, if necessary or appropriate, to solicit additional proxies.

Under Delaware law, Citrix stockholders who do not vote in favor of the adoption of the Merger Agreement will have the right to seek appraisal of the fair value of their shares of Citrix common stock as determined by the Delaware Court of Chancery if the Merger is completed, but only if such stockholder submits a written demand for appraisal prior to the vote on the Merger Agreement and complies with the other Delaware law procedures for exercising statutory appraisal rights, which are summarized in the section titled "Appraisal Rights" in the accompanying proxy statement. The applicable Delaware appraisal statute is also reproduced in its entirety in Annex Bto the accompanying proxy statement.

Whether or not you plan to attend the Special Meeting virtually, to ensure your representation at the Special Meeting, we urge you to vote via the Internet at www.virtualshareholdermeeting.com/ CTXS2022SM or by telephone at 1-800-690-6903 by following the instructions on the physical proxy card you received in the mail and which are also provided on that website; or by signing, voting and returning the enclosed proxy card by mail in the prepaid reply envelope. If you attend the Special Meeting, you may vote electronically at the meeting even if you have previously returned your proxy card or have voted via the Internet or by telephone and your electronic vote at the Special Meeting will revoke any proxy that you have previously submitted.

If you are a beneficial owner of shares of Citrix common stock held in "street name," you should instruct your bank, broker or other nominee how to vote your shares in accordance with the voting instruction form provided to you by your bank, broker or other nominee. Your bank, broker or other nominee cannot vote on any of the proposals, including the proposal to adopt the Merger Agreement, without your instructions.

If you sign, date and mail your proxy card without indicating how you wish to vote, your proxy will be counted as a vote "FOR" the adoption of the Merger Agreement, "FOR" the non-binding, advisory compensation proposal, and "FOR" the adjournment proposal, if necessary or appropriate, to solicit additional proxies.

By order of the Board of Directors

Antonio G. Gomes

Executive Vice President, Chief Legal Officer

and Secretary

Fort Lauderdale, Florida

March 16, 2022

YOUR VOTE IS IMPORTANT

Whether or not you plan to attend the Special Meeting virtually, please submit your proxy as soon as possible, whether over the Internet, by telephone or by completing, signing and returning the enclosed proxy card by mail in the prepaid reply envelope. You may revoke your proxy or change your vote at any time before it is voted at the Special Meeting.

If you hold your shares of Citrix common stock in "street name," you should instruct your bank, broker or other nominee how to vote your shares in accordance with the voting instruction form provided to you by your bank, broker or other nominee. Your broker or other agent cannot vote on any of the proposals, including the proposal to adopt the Merger Agreement, without your instructions.

If you are a Citrix stockholder of record, voting electronically at the Special Meeting will revoke any proxy that you previously submitted. If you hold your shares through a bank, broker or other nominee, you must obtain a "legal proxy" in order to vote in person at the Special Meeting.

If you fail to return your proxy card, grant your proxy electronically over the Internet or by telephone or vote by virtual ballot in person at the Special Meeting, your shares will not be counted for purposes of determining whether a quorum is present at the Special Meeting and, if a quorum is present, will have the same effect as a vote "AGAINST" the proposal to adopt the Merger Agreement but will have no effect on the other proposals.

You should carefully read and consider the entire proxy statement and the accompanying annexes, including the Merger Agreement attached as Annex A, along with all of the documents incorporated by reference in the proxy statement, as they contain important information about, among other things, the Merger and how it affects. If you have any questions concerning the Merger Agreement, the Merger or the other transactions contemplated by the Merger Agreement, the Special Meeting or the accompanying proxy statement, would like additional copies of the accompanying proxy statement, or need help submitting a proxy to have your shares of Citrix common stock voted, please contact Citrix's proxy solicitor:

MacKenzie Partners, Inc.

1407 Broadway, 27th Floor

New York, NY 10018

Stockholders may call toll free: 1 [phone] Banks and Brokers may call collect: 1 [phone]