Citrix Advances Mobile Cloud with Investment in Core Mobile Networks
June 21 2011 - 3:01AM
Business Wire
Citrix Systems today announced an investment in Core Mobile
Networks, Inc., marking the third funding commitment for the Citrix
Startup Accelerator, its Silicon Valley-based seed investment
initiative which launched in December 2010. Core Mobile Networks,
Inc., based in Santa Clara, Calif., “mobilizes the cloud” by
correlating information from enterprise IT systems with content in
the cloud, and delivering it to mobile devices in real time with
far more contextual relevance. Core Mobile will initially target
mobile business professionals using the Apple iPhone and
Android-based smartphone platforms.
Focused on entrepreneur-led innovation, the Citrix
Startup Accelerator looks for new technologies and business models
that have the potential to enable new capabilities in areas such as
virtualization, cloud, mobility, networking, security, storage,
collaboration and SaaS. The initiative not only provides seed
investments to select start-ups, but enables them to benefit from
the global Citrix presence, its entrepreneur-friendly environment,
large customer base and seasoned go-to-market strategies. The
investment in Core Mobile follows funding commitments made to
Primadesk and in a stealth mode company, further expanding the
Citrix Startup Accelerator portfolio. The program expects to
announce more new investments in July as a result of the recent
Citrix Startup Accelerator Global Challenge.
Quotes
Chandra Tekwani, CEO & founder, Core Mobile
Networks
“The popularity of the cloud and rapid growth in smartphone and
tablet adoption by business users is creating the need for
enterprise IT to make cloud-based services more easily accessible
from mobile devices. The Citrix vision for enabling anyone to work
and play anywhere on any device really resonated with our business
goals, making it a natural next step to join the Citrix Startup
Accelerator Program to help us propel our momentum.”
John McIntyre, senior director, Citrix Startup
Accelerator
“Core Mobile addresses a gap in delivering useful content to end
users of cloud-based services with a technology that identifies the
most relevant subset of content, correlates it across multiple
sources, and delivers it via a user-friendly interface that fits
the small display of a smartphone – all in real time. The goal of
the Citrix Startup Accelerator is to equip innovative entrepreneurs
like Core Mobile with the key resources that will help them achieve
the rapid market traction and customer validation that will help
make their ideas a reality.”
Related Links
- Citrix Startup Accelerator page
- Core Mobile Networks website
- Blog:
Drumroll please…Announcing the Global Challenge 2011 Finalists by
John McIntyre, Sr. Director, Citrix Startup Accelerator
- Announcement: Citrix Drives Mobile
Cloud Innovation with Strategic Investment in Cotendo
- Blog: Connect to the CDN by Morgan
Gerhart, Director of Product Marketing, Citrix
- Announcement: Citrix Startup
Accelerator Announces First Investment
- Announcement: Citrix Startup Accelerator Global
Challenge 2011 Gives Entrepreneurs a Chance at Seed Funding
- Blog: A
Global Privilege by John McIntyre, Sr. Director, Citrix Startup
Accelerator
- Blog:
Great Innovation is Global by Michael Harries, Sr. Director, Citrix
Startup Accelerator
- Blog: Do You Innovate? Do You Have What
it Takes to Become Really Great? by Martin Duursma, VP of Citrix
Labs and Chair of the Citrix CTO Office
- Blog: Do You Have the Next Great Idea?
by Michael Harries, Sr. Director, Citrix Startup Accelerator
Follow Us Online
- Twitter: @Citrix,
@JGMc, @MichaelHarries
- Citrix Startup Accelerator on
LinkedIn
- Citrix on Facebook
About Citrix
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of
virtual computing solutions that help people work and play from
anywhere on any device. More than 230,000 enterprises rely on
Citrix to create better ways for people, IT and business to work
through virtual meetings, desktops and datacenters. Citrix
virtualization, networking and cloud solutions deliver over 100
million corporate desktops and touch 75 percent of Internet users
each day. Citrix partners with over 10,000 companies in 100
countries. Annual revenue in 2010 was $1.87 billion. Learn more at
www.citrix.com.
About Core Mobile Networks, Inc.
Core Mobile Networks was founded in 2008 by Chandra Tekwani with
intent to mobilize the cloud by real time delivery of correlated
content from cloud and enterprise IT systems to mobile devices like
smartphones and tablets. The founding team performed extensive
market analysis in 2009 and determined that there was a need to
correlate content across enterprise IT and cloud based services
& make context based subset available on mobile devices. The
challenge is in determining the relevant subset of content,
correlated across multiple sources, that fits a small display and
is provided in real time in the short attention span of the mobile
user. Core Mobile Networks fills these gaps using patent pending
engine to determine context based subset of content obtained by
correlation of multiple sources in the cloud and pushing it to
mobile devices. This SaaS is targeted for field sales
professionals, field service professionals, truckers, physicians,
airline passengers and pharmaceutical industry professionals.
For Citrix Investors
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