As large organizations grapple with adopting modern work practices without throwing out all of their legacy software, a company that works with them is making an acquisition that it hopes will help with that process. Citrix today is announcing that it has acquired Sapho, a startup that develops “micro apps” for legacy software so that workers could use them as they would more modern applications: in the cloud, on mobile and more. We understand that the acquisition was for around $200 million in an all-cash deal. It’s a good return: Sapho had raised just under $28 million since 2014 from investors that included AME Cloud Ventures, Louie Alsop,
Citrix acquires Sapho for $200 million to surface actionable insights in the workplace
Citrix Systems today announced it acquired Sapho in an all-cash $200 million deal, a Citrix spokesperson told VentureBeat in an email. Sapho makes micro-apps for team collaboration apps like Slack and Microsoft Teams that call upon more than 50 popular SaaS products like Salesforce, Workday, Concur, ServiceNow, Outlook, and Google Drive. Sapho’s 90 employees at offices in San Bruno, California and the Czech Republic will also join Citrix as part of the deal.
Sapho Raises $14 Million Series B for Workplace Productivity
Today, Sapho announced that it has closed $14M in Series B funding led by Caffeinated Capital. The new funds will be used to build a global sales team and further Sapho's goals of tripling the productivity and effectiveness of the enterprise workforce. Sapho empowers employees with a modern portal experience that surfaces relevant tasks and data using micro apps. Sapho micro apps – built by IT on top of existing systems and delivered to any device, intranet, or messenger – simplify workflows and data access, allowing employees to complete work faster and make better decisions.