Citrix to buy work management platform Wrike for $2.25 bn

Citrix Systems has agreed to acquire software-as-a-service (SaaS) collaborative work management platform Wrike for $2.25 billion in cash.
Citrix for enterprise technologyCitrix provides a digital work platform from which companies can deliver unified, secure and reliable access to the systems, information and tools people need to get work done wherever they may be working.

Citrix will expand its platform to include new, collaborative work management capabilities that enable companies to simplify work execution and boost employee effectiveness and productivity by automating and streamlining team collaboration as well as unifying workflows.

“Citrix and Wrike will deliver the solutions needed to power a cloud-delivered digital workspace experience that enables teams to access the resources and tools they need to collaborate and get work done,” David Henshall, president and CEO, Citrix, said.

Wrike is headquartered in San Jose, California. Wrike employs more than 1,000 employees. Wrike, a Vista Equity Partners portfolio company, provides approximately 18,000 customers with solutions that empower teams and distributed workers to plan, manage and efficiently complete work at scale.

Together, Citrix and Wrike will serve over 400,000 customers across 140 countries.

Filev will continue to lead the Wrike team and report to Arlen Shenkman, executive vice president and chief financial officer of Citrix.