Citing unnamed sources familiar with the situation, Reuters reported that officials with Citrix, which has a market capitalization of $11.6 billion, are meeting with buyout firms and have talked with other tech vendors-including Dell-to try to find a company that will buy it rather than having to shed businesses.

Citrix Systems is looking to sell itself as a whole quickly, possibly to Dell, or it will start selling itself in pieces, according to a Reuters report.

Citrix also agreed to sell or spin off its GoTo webconferencing portfolio, apparently yielding to pressure from Elliott there as well.

Reuters said that the sources asked not to be identified because the deliberations are confidential.

“I could see the value where Dell could use Citrix as a way to offer more software and services”, said Patrick Mulvee, a partner at Sidepath, a Laguna Hills, Calif.-based solution provider and Dell channel partner. It reported net income of $251.7 million in 2014, down from $339.5 million in 2013.

That pressure is coming from activist hedge fund Elliott Management, and if the company doesn’t manage to find itself a buyer for the entire company, it faces a potential asset sell-off.

Elliott publicly stated that it believed Citrix was an under-performer last July, and suggested that the company dump both its GoTo apps and its NetScaler Web application delivery accelerator. But Citrix reached a standstill agreement with Elliott in July that, among other things, called for it to limit its ownership stake to 9.9 percent in exchange for a seat on the Citrix board. Citrix also said it would start a search for an independent board member, mutually agreeable to Citrix and Elliott.