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Citrix Systems, Inc. (NASDAQ: CTXS) has finalized its acquisition of Wrike for approximately $2.25 billion in cash. This acquisition aims to enhance Citrix's digital workspace platform by integrating Wrike's collaborative work management capabilities, enabling employees to work efficiently across various channels and locations. The merger is expected to streamline workflows, secure resource delivery, and provide tools for effective project management. Citrix plans to transform the employee experience through this enhanced digital work platform, catering to the evolving needs of hybrid work environments.
Citrix Systems (NASDAQ:CTXS) announced participation in two investor conferences. The first is the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021, at 11:45 a.m. ET, featuring CEO David Henshall. The second is the Raymond James Institutional Investors Conference on March 3, 2021, at 12:30 p.m. ET, led by CFO Arlen Shenkman. Both presentations will be webcast live and available for replay for 30 days on the Citrix investor website.
Learn more about Citrix's digital workspace technology at www.citrix.com.
Citrix (NASDAQ: CTXS) has been recognized as a Customers’ Choice in the January 2021 Gartner Peer Insights ‘Voice of the Customer’: Unified Endpoint Management, earning a commendable rating of 4.5/5.0 stars based on 101 reviews, as of November 30, 2020. This accolade highlights Citrix's commitment to securing digital workspaces. The Citrix Endpoint Management solution supports various operating systems, emphasizing a cloud-centric approach to device management and security, which aids organizations in adhering to contemporary security needs.
Citrix Systems (NASDAQ:CTXS) announces that Northumbria University is enhancing remote education by leveraging its digital workspace solutions. With over 30,000 students and faculty, the university quickly transitioned to remote learning amid the COVID-19 pandemic. Utilizing Citrix Virtual Apps and Desktops and other Citrix services, Northumbria has established a secure and scalable remote access framework. IT Director Simon Corbett emphasized the importance of flexible learning environments while highlighting the swift implementation of remote desktop solutions to support academic continuity.
Citrix Systems (NASDAQ:CTXS) has been awarded the 2021 Cybersecurity “Best-Of” award by Expert Insights for its Unified Endpoint Management and Enterprise VPN solutions. Recognized for its innovative approach against cyber threats, Citrix's Endpoint Management™ and Gateway™ solutions provide organizations with secure and efficient management of devices and networks amidst increasing remote work challenges. Expert Insights evaluated vendors based on technical features, ease-of-use, and customer ratings, highlighting Citrix's commitment to cybersecurity excellence.
Citrix Systems, Inc. (NASDAQ: CTXS) has introduced new well-being capabilities within Citrix Workspace to support employee mental health amid rising stress levels due to the pandemic. With over 30% of American adults showing signs of anxiety and depression, the updated features focus on holistic well-being, integrating tools like pulse surveys, positive news sharing, and recognition of achievements. Citrix aims to help organizations improve productivity and create a culture of well-being. The new capabilities are available now, designed to assist companies in fostering resilient and engaged workplaces.
Citrix Systems, Inc. (NASDAQ:CTXS) partnered with Grand Pacific Health (GPH) to enhance its network infrastructure using Citrix SD-WAN. This upgrade enables GPH to improve connectivity across its 14 sites efficiently, reducing setup time from weeks to just one week. Citrix SD-WAN is recognized for its application performance optimization and flexibility, essential for delivering consistent healthcare services. The collaboration empowers GPH's staff with reliable access to applications, ultimately enhancing productivity and patient care.
Citrix Systems (Nasdaq: CTXS) partnered with Severn Trent to enhance remote work capabilities during the pandemic. Transitioning to a cloud-based infrastructure using Citrix Cloud Services and Microsoft Azure, Severn Trent improved employee productivity and maintained a consistent desktop experience. The solution particularly optimized Microsoft Office tools like Teams, enabling seamless collaboration. Citrix's digital workspace solutions are now utilized by over 400,000 organizations globally.
Citrix Systems, Inc. (NASDAQ: CTXS) plans to acquire Wrike for $2.25 billion in cash. This acquisition combines Citrix’s digital work platform with Wrike’s collaborative work management solutions, enhancing productivity across enterprises. Wrike's expected SaaS annualized recurring revenue (ARR) growth for 2021 is approximately $180-$190 million, showing a 30% increase. The acquisition is expected to accelerate Citrix’s transition to a SaaS model and provide synergies, targeting a wide range of business functions, including marketing and HR. The deal is slated to close in the first half of 2021.
Kreston Reeves, a London-based financial firm, effectively transitioned to remote work using Citrix digital workspace solutions amidst the COVID-19 pandemic. In just 24 hours, they scaled their remote user load from 50 to 600. Citrix Virtual Apps and Desktops enabled personalized access to essential tools, enhancing productivity and engagement. The firm is adapting to hybrid work models while ensuring a secure workspace experience for its employees. Over 400,000 companies, including Kreston Reeves, utilize Citrix solutions to foster innovation and maintain operational continuity.
