Citrix Accelerates Cloud Video Innovation with Graymatics Investment
June 30 2011 - 3:01AM
Business Wire
Citrix Systems (NASDAQ:CTXS) today announced an investment in
Graymatics, a stealth mode company that is developing a highly
scalable cloud platform for content-based analysis of video and
other digital media. Graymatics is the fourth funding commitment
for the Citrix Startup Accelerator, its Silicon Valley-based seed
investment initiative which launched in December 2010. With
internet and enterprise data becoming richer each day, Graymatics
expects to enhance workload-focused enterprise computing and cloud
technologies with media-centric services, features and analytics to
enable more intelligent and efficient digital media processing.
Focused on entrepreneur-led innovation, the Citrix Startup
Accelerator looks for 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 provides seed investments to
select start-ups and enables them to benefit from the global Citrix
presence, its entrepreneur-friendly environment, large customer
base and seasoned go-to-market strategies. The program expects to
announce more new investments in July as a result of the recent
Citrix Startup Accelerator Global Challenge.
Quotes
Abhijit Shanbhag, CEO & founder, Graymatics
“With the proliferation of rich media content emerging in a
highly mobile world, contextual video processing will be key to
further empowering the ‘work or play from anywhere’ Citrix vision.
Although we are still in stealth mode, the Citrix Startup
Accelerator is enabling us to leverage a multitude of resources
that will help us build our business from the ground up and
significantly accelerate traction with our ecosystem partners.
Gaining expertise from Citrix and its portfolio companies within an
open, collaborative environment is highly valuable.”
John McIntyre, managing director, Citrix Startup
Accelerator
“Bringing new companies onboard at the Citrix Startup
Accelerator is always exhilarating, as it increases the level of
energy and collaboration, but it also sparks a heightened sense of
anticipation about the future of technology. Graymatics is on the
verge of bringing something new and innovative to cloud computing,
and they now have the opportunity to take it to market faster by
leveraging key resources and expertise from Citrix that will help
them achieve the market traction and customer validation they
need.”
Related Links
- Citrix Startup Accelerator page
- Blog: Citrix Startup Accelerator
Welcomes Graymatics – Cognitive Media Processing by Dr. Michael
Harries, senior director and chief technologist, Citrix Startup
Accelerator
- Announcement: Citrix Advances Mobile
Cloud with Investment in Core Mobile Networks
- Blog: Drumroll please…Announcing the
Global Challenge 2011 Finalists by John McIntyre, managing
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
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.
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