On January 31, 2022, Citrix Systems, Inc. delivered an email to its employees regarding the proposed acquisition of the Company by Picard Parent, Inc., a Delaware Corporation and entity wholly owned by funds affiliated with TIBCO Software, Inc., and proposed merger of the Company with Picard Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent, pursuant to the terms of an agreement and plan of merger, dated January 31, 2022, by and among the Company, Picard Parent, and Picard Merger Sub.