Citrix Is (Probably) Buying Wrike

Expect more enterprise software vendors to bolster their collaboration offerings.

Estimated reading: 2 min

Introduction 

Last year’s Slack acquisition by Salesforce raised plenty of eyebrows. (Listen to my thoughts on it here.) Now, Citrix is reportedly set to gobble up project-management tool Wrike for a cool $2B.

It’s not hard to read the tea leaves. Citrix wants to position itself as a viable internal collaboration hub that competes with:

  • Microsoft
  • Salesforce with Slack
  • Google Workspace (rebranded for the umpteenth time from G Suite)

In the mad scramble to become proper collaboration hubs, expect many large vendors to bolster their existing offerings. I wouldn’t be surprised if Box.net, Dropbox, Asana, Smartsheet, and others are not independent companies this time next year. Zoom’s eye-popping $111B market cap makes it a prime contender to go shopping.

Simon Says

As I write in Reimagining Collaboration, it’s not hard to connect hubs to different third-party apps and systems that I call spokes. Of course, that nuance doesn’t always resonate with IT decision-makers. Sometimes it’s better to ship with native offerings and integrations. In this case, that feature is evidently worth $2B.

Feedback

What say you?

philanimated

Navigation

⬅️ BACKRANDOM 🔀NEXT ➡️

Filed Under



Enjoy this post? Click here to subscribe to this RSS feed or here to sign up for my bi-monthly newsletter.


Submit a Comment

No one is publishing your e-mail address. I have put asterisks next to required fields. You know the drill.