Who Owns Wrike?
Wrike is owned by Symphony Technology Group (STG), an American private equity firm specializing in software and technology companies. STG acquired Wrike in July 2023 through a recapitalization transaction. Symphony Technology Group is a privately held company founded in 2002 and headquartered in Menlo Park, California.
Parent Company
Symphony Technology Group
Acquired
2023
Status
Private
Headquarters
San Jose, California, USA
Who Owns Wrike?
- Parent Company: Symphony Technology Group
- Ownership Type: Wholly owned
- Acquisition Year: 2023
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Wrike | Symphony Technology Group | Wholly owned |
History of Wrike
- Founded: 2006
- Founders: Andrew Filev
- Acquired by Symphony Technology Group: 2023
Wrike was founded in 2006 by Andrew Filev, who initially self-funded the company before obtaining investor funding. The company released the beta version of its collaborative work management software in December 2006 and has since evolved into a comprehensive project management platform.
Throughout the 2010s, Wrike experienced steady growth, raising multiple rounds of funding including $1 million in angel funding in 2012, $10 million from Bain Capital in 2013, and $15 million in 2015 from investors including Scale Venture Partners and DCM Ventures.
In January 2021, Citrix Systems announced its intention to acquire Wrike for $2.25 billion, with the acquisition closing in March 2021. However, following Citrix's own acquisition by Vista Equity Partners in 2022, Wrike separated from Citrix in September 2022.
In July 2023, Symphony Technology Group completed its acquisition of Wrike, bringing the company under STG's ownership and beginning a new phase of strategic development and operational improvements.
About Symphony Technology Group
Who owns Symphony Technology Group?
Symphony Technology Group is privately owned by its founders, partners, and limited partners in its investment funds. Romesh Wadhwani, the firm's founder, serves as Chairman. STG is not publicly traded and has no parent organization.
What companies does STG own?
STG's portfolio has included Wrike (collaborative work management), Trellix (enterprise cybersecurity, formed from McAfee Enterprise and FireEye), Skyhigh Security (security service edge), CAI Software, and other enterprise software companies.
When was Symphony Technology Group founded?
Symphony Technology Group was founded in 2002 by Romesh Wadhwani in Menlo Park, California.
What is STG's investment focus?
STG focuses on acquiring and building software, data, and analytics companies. The firm is known for its operational approach to private equity, providing hands-on management support to portfolio companies rather than focusing primarily on financial engineering.
Is Symphony Technology Group publicly traded?
No, Symphony Technology Group is a private equity firm and is not publicly traded. The firm raises capital through private investment funds from institutional investors and high-net-worth individuals.
- Founded: 2002
- Headquarters: Menlo Park, California, USA
- Company Type: Privately Held
Where Is Wrike Made / Based?
- Headquarters: San Jose, California, USA
- Manufacturing / Operations: United States, Global cloud infrastructure
Wrike Ownership: Pros & Cons
Advantages
- +Strong operational expertise from STG's software industry experience
- +Significant resources for product development and market expansion
- +Established customer base with enterprise and mid-market clients
- +Comprehensive platform with advanced workflow and collaboration features
- +Global presence with offices and data centers worldwide
Considerations
- -Private equity ownership focus on financial returns and operational efficiency
- -Competition from established project management platforms
- -Integration challenges balancing independence with STG's portfolio strategy
- -Market dependency on continued enterprise software adoption
- -Need to maintain product quality while pursuing growth targets
Frequently Asked Questions About Wrike
Competitors to Wrike
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Atlassian | USA | 2011 | Mass Market | North America | Male | |
| Calendly | USA | 2013 | Mass Market | North America | All Genders | |
| The Omni Group | USA | 2006 | Mass Market | North America | Male | |
| Bending Spoons | Netherlands | 2009 | Mass Market | Global | All Genders | |
| Intsig Information | China | 2010 | Mass Market | Asia Pacific | Male | |
| Microsoft | USA | 1997 | Mass Market | North America | All Genders |
Learn More About Competitors
Trello
Owned by Atlassian
Web-based kanban-style project management application for organizing tasks and projects using visual boards and cards.
Calendly
Owned by Calendly, Inc.
Scheduling automation software platform that eliminates back-and-forth emails when booking meetings.
OmniPlan
Owned by The Omni Group
Professional project management and planning software for macOS, iOS, and other Apple platforms with Gantt charts and resource management.
WeTransfer
Owned by Bending Spoons S.p.A.
Dutch file transfer service allowing users to share large files up to 2GB for free through a simple web-based interface.
CamScanner
Owned by INTSIG Information Co., Ltd.
Mobile document scanning application that converts smartphone photos into PDF and JPEG documents with OCR capabilities.
Outlook
Owned by Microsoft Corporation
Microsoft's personal information manager and email client application for individuals and businesses.
Competitive Analysis
Market Positioning: Wrike competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Jobs at Symphony Technology Group
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