Citrix Systems Inc., which sells network security and desktop virtualization software tools, is reportedly trying to expand into the collaboration space by acquiring the work management platform provider Wrike Inc. in a deal valued at more than $2 billion.

Bloomberg, which first reported the news, cited people familiar with the matter as saying talks are at an “advanced” stage and the deal could be concluded this week.

The acquisition of Wrike, which is owned by Vista Equity Partners, would be the largest in Citrix’s history, Bloomberg added. It would also mean a solid profit for Vista, which acquired a majority stake in Wrike in 2018 for about $800 million.

The Wrike platform is a digital work management tool that teams can use to track dates and dependencies associated with projects, manage assignments and resources, and track time. It also provides collaboration tools designed to aid in conversations, asset creation and decision-making. They include a Live…

Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.