On November 29, 2018, Wrike has signed a definitive agreement to receive a majority investment by Vista Equity Partners (“Vista”), a leading investment Additionally, they introduced Coffee with Wrike, a weekly webinar series in which the Company’s experts discussed actionable best practices to help teams embrace and overcome the challenges of remote work. Citrix announced today that it plans to acquire Wrike, a SaaS project management platform, from Vista Equity Partners for $2.25 billion. What Is a Bottleneck in Project Management. "We feel fortunate to have invested in Wrike early on and to back Andrew's founding vision for collaborative work management,” said Guha. Wrike is a popular SaaS-based collaborative work management platform. Vista bought the company just two years ago. At the time, the company’s existing investors — including Bain Capital Ventures LLC and Scale Venture Partners — retained a stake in the company. Vista has a tremendous track record of only picking winners, and we are excited for Wrike to now be included in that exclusive circle.”. Citrix Systems is acquiring acquire project and work management software company Wrike from private equity firm Vista Equity Partners for $2.25 billion in cash, the companies confirmed today. The virtualisation company may close a deal with the owners of Wrike, Vista Equity Partners, as soon as this week, according to Bloomberg. Wrike helps organizations create new efficiencies, align work activity with the most important business objectives, and drive results. Citrix Systems strives to acquire project & work management software company Wrike from private equity firm Vista Equity Partners. San Francisco, CA 94111 Jun 2019 – Present 1 year 3 months. Citrix Systems Inc would buy project management platform Wrike Inc for $2.25 billion from private equity firm Vista Equity Partners, the remote work solutions provider said on Tuesday. Wrike, San Jose-headquartered, caters to approximately 18,000 customers globally. Vista Foundation Fund III acquired Wrike in December 2018. Vista bought the company just two years ago. The deal comes after Vista Equity acquired Wrike in November 2018, from TMT Investments plc. Terms of the deal weren't disclosed. Greater San Diego Area. Vista acquired a majority stake in Wrike in 2018. Wrike’s more than 20,000 customers include Walmart, Nickelodeon, Google, Dell, and Airbnb. The Vista portfolio remains committed to igniting collaborative solutions through technology and to leading the way towards a brighter future. In 2018, Vista Equity Partners acquired a majority stake in Wrike, with a deal that valued the company at around $800m. Wrike was founded in 2006 and is based in San Jose, CA. The company opened its first office in San Francisco that year. Citrix announced today that it intends to acquire Wrike, a SaaS project management platform, from Vista Equity Partners for $ 2.25 billion. Citrix announced today that it plans to acquire Wrike, a SaaS project management platform, from Vista Equity Partners for $2.25 billion.Vista bought the company just two years ago. Wrike also developed a remote work template to help streamline virtual offices with dashboards, Gantt charts, meeting agendas, and more. In late 2018, Wrike joined the Vista Equity Partners’ portfolio of world-class technology companies to help fuel the company’s global growth. It can be easily configured for any team and any use case to transform how work gets done. Sources have said that the deal could be closed as early as this week. The deal’s valuation is roughly 11.8 times Wrike’s expected SaaS-based annual recurring revenue (ARR) for 2021, according to ChannelE2E calculations. Brian N. Sheth is the co-founder of the company and serves as its president. Wrike is headquartered in San Jose, California. Citrix, which has been seeking to become a major collaboration player, said it had agreed to acquire the company from private-equity firm Vista Equity Partners, which bought Wrike only two years ago for a reported $800 million. Shares … (Bloomberg) -- Citrix Systems Inc. is in advanced talks to buy the work-management platform company Wrike Inc. for more than $2 billion, according to people familiar with the matter.A deal for Wrike, owned by the technology-focused buyout firm Vista Equity Partners, could be reached as soon as this week, the people said, asking not to be identified because the information was private.