Citrix acquires project management platform Wrike for $2.25 billion

Citrix has confirmed reports from earlier this week that it is buying enterprise-focused work management platform Wrike in an all-cash deal worth $2.25 billion.

Founded in 2006, San Jose-based Wrike is a project management platform sold to businesses through a software-as-a-service (SaaS) model, allowing teams to monitor and track projects, workflows, deadlines, and more. The company claims some notable customers, including Google, Dell, Snowflake, Okta, and Airbnb, and had raised around $26 million in external funding, but it was acquired by Vista Equity Partners in 2018 for a reported $800 million.

Read More