Cloud News
5 Things To Know About Citrix’s Acquisition Of Wrike
Rick Whiting
Citrix Systems is paying $2.25 billion to buy work management application vendor Wrike.
Who Is Wrike?
Wrike develops SaaS-based collaborative work and project management software that help work teams streamline their collaboration and work execution and improve their digital workflows
The company’s software provides dashboards and shared calendars, collaboration tools, project templates, project visibility, file management functionality, request and approval capabilities, and additional functionality.
Founded in 2006, Wrike is based in San Jose, Calif. The company has more than 1,000 employees and some 18,000 customers including Walmart, Nickelodeon, Dish and Mars.
Wrike ended calendar 2020 with more than $140 million in unaudited annual recurring revenue, reflecting a more than 30 percent CAGR over the two prior years.
Wrike was named a leader in the IDC MarketScape for Worldwide Work Management and Project and Portfolio Management 2020 report, and a leader in the IDC Marketscape for Worldwide Cloud Project and Portfolio Management 2019-2020 Vendor Assessment report.
