Citrix Completes Acquisition of Wrike in a $2.25 billion all-cash deal

Citrix, a digital workspace and app delivery solutions, has announced that it has completed the acquisition of Wrike. Wrike is a SaaS collaborative work management solutions provider. The complete cash deal acquisition of $2.25 billion will enable Citrix to deliver a comprehensive cloud-based work platform; thus, it will empower all employees and teams. It will help the, to securely access, collaborate and execute all work types most efficiently and effectively possible; across any work-channel, device, or location.

“For more than three decades, Citrix has been a leader in providing digital workspace infrastructure. It empowers IT organizations to securely deliver the apps, content and business services employees need to do their jobs,” said David Henshall, president and CEO, Citrix.

“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. We can enable people, teams, and organizations to perform at their best,” he also said. Further, Andrew Filev, SVP and Wrike General Manager, Citrix said, “Innovative companies understand that to power the modern, agile enterprise, they must transform the way their employees work.”

He further added, “In combining Wrike’s collaborative work management innovations with Citrix Workspace, we can deliver an experience-driven work platform. This will enable businesses to quickly adapt to changing work styles and business needs and their employees to do the best work of their lives.”

About the collaboration

Citrix Workspace has the ability to unify and secure work resources and streamline workflows across work types. With Wrike, Citrix will further enhance its capabilities with a best-in-class collaborative work management solution; especially for project-based work, portfolio management and other collaborative work types. By bringing together Wrike and Citrix, it will provide a true digital work platform that transforms how work gets done.

This includes a secure delivery of all work resources, including SaaS apps, web apps, mobile apps, virtual desktops, content and also business services; Native aggregation and integrations for apps, content, data, projects and workflows; Built-in low code/no-code tooling for workflow automation; Powerful 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.