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Tuesday, June 28, 2022

Podio Acquired By Citrix

We’ve received word that Podio out of Denmark has been acquired by Citrix, a U.S. publicly listed provider of mobile and cloud services. The details of the acquisition were not disclosed, but Citrx’s annual revenue in 2011 was $2.21 billion, and claims its products are interacted with by 75 percent of internet users every day. Sunstone Capital is Podio’s largest shareholder and only institutional investor.

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Podio has created a collaborative work platform — somewhat like Yammer but with apps. Podio enables small and medium-sized businesses and teams within larger organizations to manage all types of business processes and associated workflows using pre-assembled apps from Podio’s free app market.

The apps include traditional enterprise or business solutions, as well as popular cloud-based data storage, online collaboration and content tools including Box, Campaign Monitor, Dropbox, Evernote, FreshBooks, Google Apps, Google Docs, Google Alerts, Instapaper and Zendesk.

Citrix has been a player in the business SaaS field for some time now, and has launched products such as GoToMeeting, GoToMyPC and Sharefile. Podio will become part of the GoTo Cloud Service portfolio.

The announcement on the Podio Blog says that there will not be any major changes made to the Podio platform, and the acquisition should be almost unnoticeable to users.

“From the start, Podio has been focused on creating an experience that would be more than an online place to talk about work but a platform customers trust to actually help them work as teams to get work done – 24/7. The extraordinary adoption we saw in just one year validates the pent up demand for better ways for teams to collaborate,” said Tommy Ahlers, CEO of Podio. “With a shared vision and culture that is synergistic, Citrix can help us scale to meet demand at a speed that would not be possible otherwise.”

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