Project management platform Wrike could cost Citrix in excess of $2 billion.
US software giantCitrix is reportedly in talks to acquire project management platform Wrike in a deal likely to cost in excess of $2 billion. According to Bloomberg, which cites information shared by people familiar with the matter, the purchase could be finalized this week. If the Wrike acquisition does go ahead, it would represent Citrix’s biggest-ever purchase. The company might feel that the financial outlay would be worthwhile in the long-run, however, as it would enable Citrix to become a significantly bigger player in the collaboration software market. Although Citrix once played a fairly sizable role in the business collaboration space, the company sold its GoTo Meeting software to LogMeIn in 2016 for $1.
