Home Collaboration Citrix to Acquire Wrike, Delivering Modern Digital Workspace and Future of Work

Citrix to Acquire Wrike, Delivering Modern Digital Workspace and Future of Work


Citrix Systems today announced that it’s entered into a definitive agreement to accumulate Wrike, a rapidly growing, recognized leader within the SaaS collaborative work management space, for $2.25 billion in cash.

The combination will compile Citrix’s powerful digital work platform, which securely delivers the resources an employee must be productive in one unified experience, and Wrike’s innovative work management solution, which streamlines collaboration and work execution, providing employees with additional tools to figure efficiently and securely wherever they’ll be. The addition of Wrike’s cloud-delivered capabilities will accelerate Citrix’s business model transition to the cloud and strategy to become an entire SaaS-based work platform addressing the requirements of varied 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 and Wrike will serve over 400,000 customers across 140 countries. Additionally, upon closing, Wrike will gain access to Citrix’s robust ecosystem of partners, creating new opportunities within the ecosystem to drive additional value for patrons.

“Work today is occurring everywhere – reception, within the office and on the road. We believe that within the future, success will attend those companies which will support flexible and hybrid work models and supply a uniform, 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,” said David Henshall, President and CEO, Citrix.

Recommended for You

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Close Read More

See Ads