Nov
15
2018
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Citrix pays $200M to acquire Sapho, which connects legacy software with ‘micro apps’

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, Felicis Ventures and more. Including co-founders Fouad ElNaggar and Peter Yared, the whole team of 90 employees, based mainly in the Bay Area and a development office in Prague, will be joining Citrix.

Citrix, for its part, currently has a market cap of about $14 billion and has been seeing a surge of interest under new CEO David Henshall, who has repositioned it from focusing mainly on virtual private networking services to a more hybrid cloud model, following a wider trend in the world of enterprise IT.

Citrix will be bringing on all of Sapho’s existing business and products. The two companies already have a strong overlap in their customer bases, CEO ElNaggar said, and it was in fact several of those customers asking for more integrations with Citrix services that drove Citrix approaching Sapho for this deal.

“The largest companies in the world are using Citrix and have a massive hybrid environment where they need to provide a more engaging set of experiences for their employees,” Tim Minahan, EVP Business Strategy and CMO of Citrix, said in an interview. “It doesn’t mean they will rip everything out and put in new software, and Sappho provides a great way to leverage that infrastructure and make them more insightful in their decision making. We see it as a way to rethink the role that enterprise apps play in their environment.”

Typical tasks that Sapho today provides integrations for by tapping into legacy software include expense reporting, sales software, IT support tickets and HR tasks. It feeds data from these into services like Microsoft Teams, Microsoft Dynamics, Oracle’s EBS, Salesforce and SAP ERP, Workday, Google Drive and more.

Ahead of Citrix buying Sapho we’d heard that IBM and Microsoft had eyed up the company and entered into early talks, underscoring the work Sapho had done, the deals it was winning and the gap in the market that it was filling.

Apr
19
2017
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Sapho gets $14M more to make legacy software more useful with ‘micro apps’

 In recent years, Microsoft, Facebook and Slack (and many more) have all built new productivity platforms for workers to integrate and communicate about dozens of other API-enabled enterprise apps, but what about productivity tools for those enterprises that have no appetite or budget to rip out and replace software that they’ve been using for years? Well, there’s an app for… Read More

Jun
15
2016
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Sapho, maker of single-purpose enterprise ‘micro apps’, raises $9.5M led by Alsop Louie

Screen Shot 2016-06-15 at 14.48.18 We are in the middle of a major wave of startups building software to improve workplace productivity; now a company focused on making legacy enterprise apps more useful (and used) is picking up traction and announcing funding. Sapho — which builds what it refers to as “micro apps” for older software that does not already offer notifications whenever data is updated or… Read More

Jun
24
2014
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Ex-CBSi Execs Get $3M For Sapho, A Smart Stream For Disparate Enterprise App Updates

sapho homepage As executives at CBS Interactive, Fouad ElNaggar, Peter Yared, and Charles Christolini were all too familiar with one of the biggest IT problems that big companies face: millions of dollars get invested into software for companies to work better, but getting people in the company to engage with that software regularly was nigh on impossible.
Yared calls this “the dirty secret of… Read More

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