Citrix Continues to Foster Innovation with Seven Seed Investments and New Incubator Facility

Citrix Systems today announced that it is opening the Citrix Startup Accelerator Center, a new facility for its Silicon Valley-based seed investment initiative. Focused on entrepreneur-led innovation, the 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 from around the world, enabling them to benefit from the global Citrix presence, its entrepreneur-friendly environment, large customer base and seasoned go-to-market strategies. Now, Startup Accelerator companies can also leverage a top-notch facility in the heart of Silicon Valley that acts as a nerve center for inspiration, collaboration and mentorship.

The Future of Technology

Since launching the program in December 2010, the program has announced investments in seven innovative companies that are poised to change the face of cloud, mobile and virtualization technologies:

Core Mobile – Mobilize the cloud – untether the business
Drumbi – Enabling smart calls from smart phones
Graymatics – Digital media sensing at cloud scale
GridCentric – Desktop virtualization with one-third the server costs
Nukona – Enterprise mobile app management made easy
Primadesk – Search manage and protect your personal online content
One World Virtual – True to life virtual meetings

The program expects to announce up to five more new investments this year as a result of the recent Citrix Startup Accelerator Global Challenge.

Quote

Martin Duursma, VP of Citrix Labs and Chair of the Citrix CTO Office

“When we launched the Startup Accelerator program just nine months ago, we expected our seed investments to help place us at the forefront of industry trends, while balancing internal and external innovation. With seven – and counting – startups in the portfolio, we have had the opportunity to spur some of the hottest technologies in mobility, cloud computing and virtualization. We anticipate this growing program will not only positively impact Citrix, our customers and our ecosystem, but also the future of technology.”

Related Links

Citrix Startup Accelerator page
Blog: Eggs to Omelets by John McIntyre, Managing Director, Citrix Startup Accelerator
Blog: Citrix Startup Accelerator and the Citrix Innovation Portfolio by Michael Harries, Chief Technologist, Citrix Startup Accelerator
Blog: Drumroll please…Announcing the Global Challenge 2011 Finalists by John McIntyre, Managing Director, Citrix Startup Accelerator

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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.

For Citrix Investors

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