Citrix® Completes Acquisition of Wrike
March 01 2021 - 8:30AM
Business Wire
Union creates industry’s most comprehensive
cloud-based platform for secure workspace delivery and
collaborative work execution
Citrix Systems, Inc. (NASDAQ:CTXS), the global leader in digital
workspace and app delivery solutions, today announced that it has
completed its acquisition of Wrike, a leading provider of SaaS
collaborative work management solutions, for approximately $2.25
billion in cash. Through the acquisition, Citrix will deliver the
industry’s most comprehensive cloud-based work platform to empower
all employees and teams to securely access, collaborate and execute
all work types in the most efficient and effective way possible --
across any work channel, device, or location.
Delivering the Future of Work
“For more than three decades, Citrix has been a leader in
providing digital workspace infrastructure that empowers IT
organizations to securely deliver the apps, content and business
services employees need to do their jobs,” said David Henshall,
President and CEO, Citrix. “With the addition of Wrike’s
collaborative work management capabilities, which leading companies
like Walmart, Fitbit, Siemens Smart Infrastructure, Chosen Foods,
and many others rely on to foster more efficient and collaborative
work execution, we can take things to the next level and enable
people, teams, and organizations to perform at their best.”
Transforming the Employee Experience
Digitization and the adoption of flexible and hybrid work models
continues to accelerate. But complex and distributed work
environments are cluttered with a heterogeneous array of
applications, communication channels and devices that disrupt
employees and get in the way of efficient and meaningful work.
“The need to provide a secure and simplified work experience for
employees has never been more critical,” said Mark Bowker, senior
analyst for Enterprise Strategy Group. “To keep employees engaged
and productive in today’s hybrid work environment, companies need
to not only provide secure and reliable access to the resources
they need to do their jobs, but tools that enable them to work more
efficiently and effectively across work channels, devices and
locations.”
With Citrix and Wrike, they can.
Simplifying Work
Citrix Workspace™ is unique in its ability to unify and secure
work resources and streamline workflows across work types. With
Wrike, Citrix will further enhance its capabilities with a
best-in-class collaborative work management solution for
project-based work, portfolio management and other collaborative
work types.
By bringing together Wrike and the Citrix Workspace, Citrix will
provide a true digital work platform that transforms how work gets
done via:
- Secure delivery of all work resources, including SaaS apps, web
apps, mobile apps, virtual desktops, content and business
services
- Native aggregation and integrations for apps, content, data,
projects and workflows
- Built-in low code/no-code tooling for workflow automation
- Powerful project and work management tools to execute various
levels of work across the enterprise - from portfolio planning with
strategy / goal planning, to project planning with capacity
planning, project execution and project insight and analytics
“Innovative companies understand that to power the modern, agile
enterprise, they must transform the way their employees work,” said
Andrew Filev, Senior Vice President and Wrike General Manager,
Citrix. “In combining Wrike’s collaborative work management
innovations with Citrix Workspace, we can deliver an
experience-driven work platform that enables businesses to quickly
adapt to changing work styles and business needs and their
employees to do the best work of their lives.”
About Citrix
Citrix (NASDAQ: CTXS) builds the secure, unified digital
workspace technology that helps organizations unlock human
potential and deliver a consistent workspace experience wherever
work needs to get done. With Citrix, users get a seamless work
experience and IT has a unified platform to secure, manage, and
monitor diverse technologies in complex cloud environments.
For Citrix Investors:
This release contains forward-looking statements which are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and of Section 21E of the Securities
Exchange Act of 1934. The forward-looking statements in this
release do not constitute guarantees of future performance. Those
statements, which are not strictly historical statements,
including, without limitation, statements regarding the benefits of
the business combination including, the expansion of Citrix’s
platform, the solutions that the combined companies can deliver,
the ability to transform the work experience, the potential
customers that the combined companies can serve, the potential
value creation as a result of combined offerings, expectations
regarding management of the combined business, constitute
forward-looking statements. Such forward-looking statements are
subject to a number of risks and uncertainties that could cause
actual results to differ materially from those anticipated by the
forward-looking statements, including, without limitation, customer
acceptance of Citrix and Wrike offerings; potential disruptions to
Citrix’s and Wrike’s operations, distraction of management and
other risks related to Citrix’s integration of Wrike’s business,
team, and technology; the ability of Citrix’s sales professionals
and distribution partners to sell Wrike’s product and service
offerings; the ability of Wrike to retain key customers
post-transaction; the ability to attract, retain and incentivize
key talent; the impact of the global economy, political
environment, and uncertainty in IT spending; revenue growth and
recognition of revenue; products and services, their development
and distribution; demand and pipeline risks; economic and
competitive factors, risks related to Citrix’s key strategic
relationships; and other risks detailed in Citrix’s filings with
the Securities and Exchange Commission. Citrix assumes no
obligation to update any forward-looking information contained in
this press release or with respect to the announcements described
herein. The development, release and timing of any features or
functionality described for our products remains at our sole
discretion and is subject to change without notice or consultation.
The information provided is for informational purposes only and is
not a commitment, promise or legal obligation to deliver any
material, code or functionality and should not be relied upon in
making purchasing decisions or incorporated into any contract.
© 2021 Citrix Systems, Inc. Citrix, the Citrix logo, and other
marks appearing herein are the property of Citrix Systems, Inc. and
may be registered with the U.S. Patent and Trademark Office and in
other countries. All other marks are the property of their
respective owners.
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Karen Master Citrix +1 216-396-4683 karen.master@citrix.com
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