Wrike Company Profile
About Wrike
Wrike is a cloud-based project management and collaboration platform that helps teams and organizations streamline their work processes. The company has established itself as a prominent player in the work management software field, with its tools and features geared to create work systems that help businesses manage their daily activities.
Wrike origin story
Wrike was founded in 2006 by Andrew Filev. As a young entrepreneur, Filev quickly grasped the challenges organizations faced in scaling a successful operation. Frustrated with the limitations of working through email and spreadsheets, he began to build his own collaborative tools that immediately improved his team’s communication and business productivity.
Filev started Wrike to focus solely on building this new class of business software. Over the last 10+ years, he has built Wrike from a small startup to a leading provider of project management, work management, and collaboration solutions, initially bootstrapping the company before guiding it to more than $25M in funding.
When did Citrix acquire Wrike?
In March 2021, Citrix completed the acquisition of Wrike from Vista Equity Partners for $2.25B.The company’s CEO confirmed the acquisition in a blog post on the company’s website.
Does Citrix still own Wrike?
Citrix no longer owns Wrike. In September 2022, barely 18 months after acquiring it, Citrix spun out Wrike in a deal funded by private equity funds Vista Equity and Evergreen Coast Capital, a move heavily influenced by the merger of Citrix with Tibco. The deal was confirmed in a blog post on Wrike’s website.
Who’s Wrike’s CEO?
Andrew Filev serves as Chief Executive Officer and remains the primary visionary behind the product and company.
Wrike Pricing and Features
Pricing
As with most software providers of its kind, Wrike offers tiered pricing that increases based on the number of users and features included.
The prices listed below are per month and billed on an annual per user basis. These are accurate as of May 2023.
| Free | For teams getting started (1 user) | $0 user/month |
| Team | For growing teams (2-25 users) | $9.80 user/month |
| Business | For all teams across an organization (5-200 users) | $24.80 user/month |
| Enterprise | For large teams (5 to unlimited users) with additional features required | Custom quote |
| Pinnacle | For large teams with complex work needs (5 to unlimited users) | Custom quote |
Free collaboration and project management tool for students
Wrike is entirely free for students though access to some features is restricted or limited. Here are some reasons why you might want to consider using Wrike if you are a student:
- To structure study sessions
- To collaborate and work with your colleagues remotely
- To keep all your materials in one place, for ease of access
- To keep track of your progress
- To view and organize your workload by course, semester, statutes or project type (such as assignments, exams or presentations)
- To access your course content remotely
Features by plan
Below we list all features included in each Wrike’s tiers.[1] Each tier includes all features from the previous tier and adds new and more sophisticated ones.
Free Plan
| 1 User |
| Web, desktop, and mobile apps |
| Project & task management |
| Board view |
| Table view |
| Active task limitations apply |
Team Plan
| 2-25 users |
| Unlimited projects |
| Unlimited tasks & subtasks |
| Unlimited custom fields |
| Unlimited request forms |
| 20 free collaborators |
| Interactive Gantt charts |
| Automations (50 actions/user/month) |
| Custom workflows |
| Analytics view |
| Calendar view |
| Dashboards |
| Use case templates |
| Google and Microsoft SSO |
| External requester collaboration |
| Integrations & open API |
| 2 GB storage per user |
Business Plan
| 5-200 users |
| Folder structure & nested projects |
| Cross-tagging |
| Project Blueprints |
| Custom item types |
| Automations (200 actions/user/month) |
| AI risk prediction & task prioritization |
| Approvals & guest approvals |
| File and video proofing (30+ file formats) |
| Resource management, workloads & time tracking |
| Reports and Unlimited Dashboards |
| User groups & permissions |
| DAM Integrations and Cloud Content Connector |
| Adobe Creative Cloud Extensions |
| 5 GB storage per user |
Enterprise Plan
| 5 to unlimited users |
| SAML-based SSO |
| Two-Factor Authentication (2FA) |
| Password policies |
| Custom access roles |
| Customizable user types |
| Admin permissions |
| User audit reports |
| Automations (1000 actions/user/month) |
| 10 GB storage per user |
Pinnacle Plan
| 5 to unlimited users |
| Locked Spaces |
| Advanced reporting & BI |
| Team utilization and performance dashboard |
| Job roles |
| Budgeting and billable hours |
| Bookings (project-level effort & time planning) |
| SharePoint and HTML5 proofing and approvals |
| Automations (1500 actions/user/month) |
| 15 GB storage per user |
3rd Party Integrations
Wrike’s API‘s allow for 3rd party integration and for developers to submit their own apps, allowing a higher level of customization. In addition, a number of popular applications and third-party software are available by default, enabling your Wrike instance to connect with a number of external tools you might use. Here are some of the integrations readily available, per category:
| Category | Some of the integrations available |
|---|---|
| CRM | Salesforce, Hubspot |
| Gmail, Outlook | |
| Data Transfer | Google Sheets, MS Project, Microsoft Excel, MSFT O365 |
| Storage | MediaValet, Google Drive, Microsoft SharePoint, Microsoft OneDrive, Tenovos, Dropbox, Box |
| Messaging | Microsoft Teams, Slack, Zoom |
| Single Sign-On (SSO) | SAML, Microsoft Azure Active Directory, Microsoft O365, Okta, Google, OneLogin, PingFederate, Shibboleth |
| IT Software | Miro, GitHub, JIRA, Marker.io, TestLodge, Azure DevOps |
| Business Intelligence | Tableau |
What are Wrike’s strengths?
There are three areas in which Wrike’s offering stands out:
- Limitless potential: Wrike enables infinite possibilities in how people work and how that work gets done. That is accomplished through deep platform customization, optimisation, and rich features and functionality that enable teams to scale quickly and efficiently. These unique abilities empower organizations to break barriers and move into hyper-growth mode. For example, one of Wrike’s customers started as a 15-person marketing team and now has more than 100,000 users collaborating across all departments in the company. Another customer started with one brand and now leverages Wrike across 30 global brands.
- Depth and breadth of the product: Wrike’s software is characterized by robust security, flexibility, and versatility. The company accomplished this through fast-paced innovation, shipping hundreds of improvements every year. Recently, it launched new and unique AI and security features, as well as a, reportedly game-changing, Work Models update, which expanded upon the typical building blocks of work management like tasks and projects.
- Experience in the work management space: the company is a pioneer in work management, leveraging expertise and more than 15 years of customer feedback and data, which, in turn, aids the innovation of its platform and services.
Wrike Company Profile
Locations
Wrike headquarters are in San Jose, California, United States of America. In addition, the company has offices in North America, APAC and EMEA, in the following locations:
- Dallas, Texas, United States of America
- San Diego, California, United States of America
- Dublin, Ireland
- Prague, Czech Republic
- Tallinn, Estonia
- Nicosia, Cyprus
- Tokyo, Japan
- Melbourne, Australia
Wrike timeline: history and investments
| 2006 | The company is founded by Andrew Filev and launched its beta version in December |
| 2012 | Wrike receives $1 million in Angel funding from TMT Investments |
| 2013 | The company receives an additional $10 million in investment funding from Bain Capital |
| 2015 | Investors including DCM Ventures, Bain Capital and Scale Venture Partners, DCM Ventures, and Bain Capital invest $15 million in a new round of funding |
| 2015 | The company opened new EMEA headquarters in Dublin, Ireland as well as a new office in San Diego, California. |
| 2016 | Wrike reaches a milestone of 60+ million tasks completed in its software |
| 2018 | New worldwide headquarters are opened in San Jose, California, alongside APAC headquarters in Melbourne, Australia |
| 2018 | The company reaches a new milestone of 100+ million tasks completed |
| 2018 | First edition of its annual user conference – Collaborate |
| 2018 | Wrike receives a majority investment from Vista Equity Partners |
| 2019 | Company achieves Lock and ISO Certification |
| 2019 | New offices open in Prague and Tokyo |
| 2020 | Through Wrike Relief the company offered free project management for relief organizations and workers. |
| 2020 | New office open in Dallas, Texas |
| 2021 | Citrix purchases Wrike for $2.25 billion |
| 2022 | Citrix sells to Vista Equity and Evergreen Coast Capital for a reported $2.5 billion |
Accreditation, Compliance and Regulatory Profile
Wrike is audited regularly by independent third parties and, as of May 2023, is either compliant with or certified by the following entities:
- AICPA Type II SOC2
- AICPA Type II SOC3
- ISO/IEC 27001:2013
- ISO/IEC 27017:2015
- ISO/IEC 27018:2019
- ISO/IEC 27701:2019
- Level 2 of CSA STAR
Social Media Profiles
Awards
Wrike has received several awards and accolades for its products and services. Some notable awards include:
- Named Leader in The Forrester Waveâ„¢: Collaborative Work Management Tools report 2016, 2018, 2020, 2022
- Gartner Peer Insights Customers’ Choice for Project Portfolio Management Worldwide 2019
- Deloitte Technology Fast 500 2015-2020
- IDC Leader in Worldwide Work Management and Project Portfolio Management 2020
- SoftwareReviews Leader and Gold Medalist in Data Quadrant for Project Management 2020
- Aragon Research Globe for Digital Work Hubs Leader 2020
- TrustRadius Top Rated Award for Project Management/Project Portfolio Management 2020, 2021, 2022, 2023
- TrustRadius Most Loved Award 2023
- TrustRadius Tech Cares Award 2020
- 2020 International Business Awards (Stevie Awards) Bronze Winner for Most Valuable Corporate Response
- 2020 RemoteTech Breakthrough Overall Project Management Platform of the Year Award
- San Diego-Union Tribune Top Workplace 2019
- Bay Area News Group Top Workplaces 2015-2019
Wrike Company Culture
Over the years the company has publicly shared several initiatives in support of diversity and inclusion. Here are some of those:
- Wrike with Pride: a space for members of the LGBTQIA+ community and allies to support and learn from each other, through fostering a culture of authenticity and diversity.[2]
- Wrikers of Color (WOC): aims to listen, understand, and advocate for the unique experiences and perspectives of Wrikers of color, while also supporting employee growth and development.[3]
- Women of Wrike (WOW): aims to connect and build a community of empowered women at Wrike. Both men and women are encouraged to take part in the WOW community, to foster an environment of inclusion.[4]
- Wrike Wellness Collection (WWC): a space for Wrikers to become their best selves through a variety of wellness initiatives that prioritize and cultivate health in emotional, physical, and professional spheres.[5]
- Wrike@Home: strives to enable remote employees to experience, contribute to, and benefit from Wrike’s community and culture by helping to address the unique challenges faced by remote workers.[6]
- Social & Environmental Responsibility Volunteering Employees (SERVE): an employee-led global community designed to guide and drive social and environmental initiatives, supporting purposeful activities intended to improve our societies and environments.[7]
News mentions
- January 20, 2021
Citrix is acquiring Wrike from Vista for $2.25B (TechCrunch) - October 26, 2022
Wrike gears up Lightspeed following independence (EnterpriseTimes) - January 11, 2023
Wrike CEO sees growth potential in a tightening economy after spin-out from Citrix (Diginomica)
Wrike User Interface
Sources:
- [1] For a more detailed comparison, you can visit Wrike’s website here.
- [2] As seen on Facebook, https://www.facebook.com/Wrike/posts/10158723173211996/?paipv=0&eav=AfZAkC8bwkhVl_mRrkUJFwbDecFPCsIOgdc4dNTOM3wZuOkmtk5yfpYQxpPFYZ6F97U&_rdr
- [3] As seen on YouTube: https://www.youtube.com/watch?v=0eBiBRPH_3k
- [4] As seen here: https://www.wrike.com/blog/women-of-wrike-celebrate-international-womens-day/
- [5], [6] & [7] Could not be verified independently.
