Wrike
Citrix Acquires SaaS Work Management Solutions Company, Wrike
Image sourced from The Business Journals Citrix has officially completed its acquisition of Wrike – a SaaS collaborative work management solutions company – for approximately $2.25 billion. Through the acquisition, Citrix is expected to deliver a comprehensive cloud-based work platform where employees and teams can securely access, collaborate and execute all work types in the “most efficient and effective way possible”. Delivering the Future of Work “For more than three decades, Citrix has been a leader in providing digital workspace infrastructure that empowers IT organizations to securely deliver the apps, content and business services employees need to do their jobs,” says David Henshall, President and CEO of Citrix. /* custom css */ .tdi_3_335.td-a-rec-img{ text-align: left; }.t...
Citrix to Acquire Wrike in $2.25 Billion Cash Deal
Citrix has entered into a definitive agreement to acquire Wrike for $2.25 billion in cash. This deal is expected to Citrix’s digital work platform and Wrike’s work management solution, which streamlines collaboration and work execution. The addition of Wrike’s cloud-delivered capabilities is also expected to accelerate Citrix’s business model transition to the cloud and strategy to become a complete SaaS-based work platform addressing the needs of various functional groups within the enterprise. The combined company will offer customers an enhanced value proposition through complementary solutions, unlocking new revenue opportunities both within existing installed customer bases and new lines of business buying centres, including marketing, professional services, and HR. Together, Citrix a...
