Citrix has entered into an agreement to acquire Wrike, an online project planning tool, for US$2.25 billion in cash.
Citrix described the acquisition on Jan 19 as “highly complementary to Citrix’s existing customer base and is expected to accelerate Citrix’s SaaS ARR growth.”
Citrix, known for its digital work platform, is looking to complement its portfolio with Wrike’s work management tool. It hopes that the new service offering will further cement its position as a SaaS-based work platform leader.
“When it comes to the future of work, Citrix and Wrike share a common vision and mission: to reduce the complexity and chaos of work and empower every person, team, and organization to achieve their very best. Together, we 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…