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Home > Network/Internet > Citrix to acquire Wrike for $2.25B

Citrix to acquire Wrike for $2.25B

Citrix announced that the company has entered into a definitive agreement to acquire Wrike.

Erdem Yasar by Erdem Yasar
January 20, 2021
in Network/Internet
2 min read
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Citrix Systems, an American multinational software company that provides server, application, and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies, announced that it has entered into a definitive agreement to acquire Wrike, a SaaS collaborative work management space, for $2.25 billion in cash.

Powerful digital work platform

The company announced that the acquisition will provide a powerful digital work platform, which is able to securely deliver the resources an employee needs to be productive in one unified experience, and Wrike’s work management solution, which streamlines collaboration and work execution, that provides employees with additional tools to work efficiently and securely wherever they may be. Wrike’s cloud-delivered capabilities will accelerate Citrix’s business model transition to the cloud and strategy.

David Henshall, President and CEO, Citrix
David Henshall, President and CEO, Citrix

The combination of the two companies will offer an enhanced value proposition through complementary solutions, unlocking new revenue opportunities both within existing installed customer bases and new lines of business buying centers. The duo will serve over 400,000 customers across 140 countries. David Henshall, President and CEO, Citrix, said,

“Work today is happening everywhere, at home, in the office, and on the road. We believe that in the future, success will go to those companies that can support flexible and hybrid work models and provide a consistent, secure, and efficient experience that removes the complexity and noise from work so employees can focus and perform at their best, wherever they happen to be. Together, Citrix and Wrike will deliver the solutions needed to power a cloud-delivered digital workspace experience that enables teams to securely access the resources and tools they need to collaborate and get work done in the most efficient and effective way possible across any channel, device, or location.”

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Tags: Citrix SystemsDavid HenshallWrike
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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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