Novalia has advised the tech start-up Sapho on its sale to Citrix for USD 200 million.
According to Novalia, "Sapho is known for its system of micro apps that sit on traditional enterprise systems such as SAP, which provide employees with a modern user experience to increase employee productivity in the digital workplace. Silicon Valley-based founders, Peter Yared and Fouad ElNaggar, built the company in four years. A significant portion of the product development was [done] in Prague, the Czech Republic."
Citrix is a global technology company founded in Texas in 1989. According to the Novalia press release, Citrix plans to embed the Sapho product in its proprietary Citrix Workspace, which is used by more than 400 thousand companies around the world.
The Novalia team was led by Partners Tereza Jandackova and Pavel Marc.
Novalia explained that it was not authorized to disclose any further information on the deal.