Market Overview

Citrix Acquires Podio, Terms Undisclosed


Citrix today announced it has completed the acquisition of Podio, a privately held company that offers a collaborative work platform which supports people and teams getting work done the way they want in a social setting. Podio's unique apps concept adds structure and activity streams to any type of work and collaboration with teams, clients, in projects, and within functions such as sales, recruiting, marketing or any other area of business. A cloud service, Podio unifies the content, traditional business applications, and new mobile apps, as well as the real-time and asynchronous communications required to work in the post PC era. Podio is a natural extension of the Citrix collaboration business, providing today's mobile and distributed workforce an easy, secure and social way to come together and work as teams. Podio will be part of the GoTo cloud services portfolio, which includes GoToMeeting. The terms of the acquisition were not disclosed.

Posted-In: News M&A


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