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Citrix must Wrike what it sees because it's buying project management outfit for $2.25bn


No longer a corpo behemoth holdout
Matthew Hughes
Tue 19 Jan 2021 // 17:45 UTC
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Citrix has confirmed plans to buy Wrike, a project management and team-based collaboration tool, for $2.25bn.
The all-cash deal is expected to close later this year, and has received unanimous sign-off from directors in both camps.
Founded in 2006, Wrike is a relative veteran of SaaS-based project management. It includes cloud-based content creation tools, like those from Hubspot, while other features focus on keeping projects on track, similar to what you d expect from Trello or Zenkit.
Unlike many of its competitors, Wrike hasn t yet been absorbed into a larger corporate behemoth (as was the case with Trello, bought by Atlassian in 2017), nor has it gone public, as Hubspot did back in 2014. It remains privately held, albeit with enterprise IT investment firm Vista Equity Partners holding the majority of shares. Previous investors inclu ....

Andrew Filev , Arlen Shenkman , Vista Equity Partners , Bain Capital Ventures , Scale Venture Partners , Citrix Content Collaboration , அர்லேன் ஷெங்க்மன் , விஸ்டா பங்கு கூட்டாளர்கள் , பைன் மூலதனம் முயற்சிகள் , அளவு துணிகர கூட்டாளர்கள் , சிட்ரிக்ஸ் உள்ளடக்கம் இணைந்து ,