Citrix closes $2.25b deal to acquire Wrike, empowers modern work models
Citrix has completed the acquisition of Wrike, the provider of SaaS collaborative work management solutions.
Citrix paid $2.25 billion in cash for the company.
Through the acquisition, Citrix plans to continue to develop a comprehensive cloud-based work platform that empowers all employees and teams to securely access, collaborate and execute all work types across any work channel, device, or location.
In the statement from the company no details were provided regarding how Wrike would be integrated into Citrix.
Digitisation and the adoption of flexible and hybrid work models continues to accelerate.
According to Citrix, this acquisition aims to solve issues around complex and distributed work environments, focusing on applications, communication channels and devices.
With Wrike, Citrix will further enhance its capabilities with a best-in-class collaborative work management solution for project-based work, portfolio management and other collaborative work types.
By bringing together Wrike and the Citrix Workspace, Citrix aims to provide a true digital work platform that transforms how work gets done via:
- Secure delivery of all work resources, including SaaS apps, web apps, mobile apps, virtual desktops, content and business services
- Native aggregation and integrations for apps, content, data, projects and workflows
- Built-in low code/no-code tooling for workflow automation
- Project and work management tools to execute various levels of work across the enterprise - from portfolio planning with strategy/goal planning, to project planning with capacity planning, project execution and project insight and analytics
Overall, the company's three key focus areas are on delivering the future of work, transforming the employee experience and simplifying work.
Wrike founder and CEO Andrew Filev says, “Innovative companies understand that to power the modern, agile enterprise, they must transform the way their employees work.
“In combining Wrike’s collaborative work management innovations with Citrix Workspace, we can deliver an experience-driven work platform that enables businesses to quickly adapt to changing work styles and business needs and their employees to do the best work of their lives.”
Citrix CEO and president David Henshall says, “For more than three decades, Citrix has been a leader in providing digital workspace infrastructure that empowers IT organisations to securely deliver the apps, content and business services employees need to do their jobs.
“With the addition of Wrike’s collaborative work management capabilities, which leading companies like Walmart, Fitbit, Siemens Smart Infrastructure, Chosen Foods, and many others rely on to foster more efficient and collaborative work execution, we can take things to the next level and enable people, teams, and organisations to perform at their best.”