Wrike work management solution

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...