Citrix cues $2.25-B acquisition of Wrike for ‘future of work’

Citrix Systems has entered into a definitive agreement to acquire for $2.25 billion in cash Write, a global provider of SaaS collaborative work management offerings.

The combination will bring together Citrix’s digital work platform, which securely delivers the resources an employee needs to be productive in one unified experience, and Wrike’s work management solution, which streamlines collaboration and work execution and provides employees with additional tools to work efficiently and securely wherever they may be. 

The addition of California-based Wrike’s cloud-delivered capabilities will rev up Citrix’s business model transition to the cloud and strategy to become a complete SaaS-based work platform addressing the needs of various functional groups within the enterprise.

The combined company intends to offer customers complementary solutions, unlocking new revenue opportunities both within existing installed customer bases and new lines of business buying centere, including marketing, professional services, and HR. 

Together, Citrix and Wrike will serve over 400,000 customers across 140 countries. In addition, upon closing, Wrike will gain access to Citrix’s ecosystem of partners, creating new opportunities within the ecosystem to drive additional value for customers.

With more than 1,000 employees, Wrike — a Vista Equity Partners portfolio company — provides abut 18,000 customers globally with solutions that empower teams and distributed workers to plan, manage and efficiently complete work at scale.

“Work today is happening everywhere – at home, in the office and on the road,” said David Henshall, president and CEO of Citrix. “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.”

Andrew Filev, founder and CEO of Wrike, said that together with Citrix,  they “will unlock the workspace of the future, truly transforming the work experience and equipping people with an innovative set of solutions they can use to exceed goals and keep business moving forward.”