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News | , | Wrike Announces Ownership and Leadership Transition

Wrike Announces Ownership and Leadership Transition

Wrike Positioned to lead the Work Management Category with Continued Momentum in Product and Market Reach 

Wrike, a leader in collaborative work management, today announced the completion of its recapitalization and ownership transition to Symphony Technology Group (STG), a private equity firm specializing in software, data and analytics.  Under the terms of the deal, Vista Equity Partners and Elliott Investment Management L.P. will transfer full ownership of Wrike to STG, marking the final chapter in Wrike’s reestablishment as a private company.

Together with STG, Wrike will be well positioned to continue building on the foundations of its leading intelligent work management platform that automates work and enables teams to be increasingly productive, efficient, and outcomes driven. Wrike plans to continue its momentum in product and market reach as the need for greater efficiency and productivity becomes paramount to organizations that are faced with a higher volume of complex, interrelated workstreams despite limited resources and budgets.

Simultaneous with the transaction, Wrike Founder and Chief Executive Officer, Andrew Filev, will transition into the role of Board Advisor. Thomas Scott, Wrike’s current Chief Financial Officer, will step into the position of Interim Chief Executive Officer to continue to drive the company’s next stage of growth. Scott has been a key executive at Wrike, leading the Finance and Administrative teams as CFO since he joined the company in March 2022.