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Wrike enhances collaboration capabilities with the completion of Klaxoon acquisition

Jan 28, 20257 months ago

Acquiring Company

Wrike

Acquired Company

Klaxoon

San DiegoRennesCollaborationEnterprise SoftwareSaasSoftwareHuman ResourcesEnterprise SoftwareSaasSoftware

Description

Wrike, a leader in intelligent work management and a portfolio company of STG, has finalized the acquisition of Klaxoon, a provider of visual collaboration solutions. This combination creates a unified platform that redefines how teams design, collaborate, and execute, offering compelling workflow efficiency through the power of artificial intelligence and seamless integration.

Company Information

Company

Wrike

Location

San Diego, California, United States

About

Wrike is the most powerful work management platform, built for teams and organizations looking to collaborate, create, and exceed every day. Wrike brings everyone and all work into a single place to remove complexity, increase productivity, and free people up to focus on their most purposeful work.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed