Softletter100

Day: February 15, 2021

Record deal sees Slack competitor Wrike acquired by Citrix

Citrix Systems has announced the acquisition of Slack competitor Wrike for $2.25 billion (£1.65 billion), becoming the firm’s record deal to date at $250m greater than initial expected. While Citrix already develops cloud-based products, adding the software that Wrike can provide will help the company in become a major competitor in the market. Specifically, Wrike …

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Remote working fuels a 50% growth in Microsoft Azure’s revenue

Microsoft experienced a 17% year-on-year increase in revenue in the second quarter of fiscal 2021, reporting strong growth across most of its services throughout 2020. While Microsoft experienced major growth in across services such as LinkedIn, Windows Surface and Xbox, their Azure cloud platform grew 50% year-on-year. Initially, Microsoft Teams started the uptick in revenue …

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