Citrix Systems Buys Online Work Platform Podio

Danish Podio makes social collaboration tools for small and medium businesses.


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Reuters: Citrix Systems has announced that it has purchased Danish firm Podio for an undisclosed sum. With just 27 employees, Podio is a small company that makes social collaboration tools for small and medium-sized businesses. "What we loved about Podio is that it created the platform where you can download and create," said Citrix's Bernardo de Albergaria. "Other social stream providers are more focused on talking about work instead of getting work done."

Forrester estimates that the market for corporate social software like Podio's will be worth $6.4 billion by 2016.

Tags: SMB, Citrix, social collaboration, merger and acquistion activity

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