Dec 82010 |
Citrix Ignites Entrepreneurial Technologies with New Citrix Startup AcceleratorCitrix Invests in Long-Term Industry Innovation with Silicon Valley-Based Seed Investment Fund |
SANTA CLARA, Calif. - Citrix Systems today announced the launch of the Citrix Startup Accelerator, a Silicon Valley-based seed investment fund targeting early-stage companies worldwide. This multi-million dollar fund is focused on new technologies or business models that can extend the Citrix virtual computing solution portfolio and contribute to its vision of a world where anyone can work and play from anywhere on any device. Celebrating its 15th anniversary of being a public company this month, Citrix has a strong track record of strategic investment and technology acquisition in Silicon Valley (e.g., Kaviza, NetScaler and XenSource). The Citrix Startup Accelerator initiative will invest in entrepreneur-led innovation, providing participating companies with seed funding, mentoring, subsidized office space and access to the global Citrix ecosystem, partners and customers. By fostering technologies and business models that align with the long term Citrix strategy, the Citrix Startup Accelerator is differentiated from other funds that focus solely on fund maximization.
The Citrix Startup Accelerator will be headed by Martin Duursma, VP of Citrix Labs and Chair of the Citrix CTO Office. “Entrepreneurs are key drivers of disruptive innovation and employment growth,” says Duursma. “The Citrix Startup Accelerator places us at the forefront of industry trends balancing internal and external innovation. We expect our seed investments and entrepreneur-friendly environment to help spur new technologies of strategic importance to Citrix, our customers, and our ecosystem.”
Program Highlights
- The Citrix Startup Accelerator will make investments in early-stage organizations that have the potential to enable new capabilities in virtualization, desktop and application delivery, mobile devices, security, authentication, cloud, networking, storage and collaboration/software as a service.
- The Citrix Startup Accelerator will be based adjacent to the Citrix Silicon Valley headquarters, enabling entrepreneurs to further benefit from business and technical mentoring from executives at Citrix and throughout Silicon Valley, while remaining in a startup-friendly environment.
- Each year, up to 12 companies will join the initiative for up to 18 months. Participating companies need not be based in the Silicon Valley, and in fact will be sought out globally, but will be encouraged to take up residence at the Citrix Startup Accelerator facilities.
For more information on the Citrix Startup Accelerator, including how to submit a proposal for consideration, please visit: http://www.citrix.com/startupaccelerator.
Related Links and Announcements:
- Citrix Startup Accelerator page
- 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:Are YOU Going to be the Next Hot Technology Innovator?by Michael Harries, Sr. Director of Citrix Labs and Citrix Startup Accelerator
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About Citrix
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of virtual computing solutions that help companies deliver IT as an on-demand service. Founded in 1989, Citrix combines virtualization, networking, and cloud computing technologies into a full portfolio of products that enable virtual workstyles for users and virtual datacenters for IT. More than 230,000 organizations worldwide rely on Citrix to help them build simpler and more cost-effective IT environments. Citrix partners with over 10,000 companies in more than 100 countries. Annual revenue in 2009 was $1.61 billion.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with revenue growth and recognition of revenue, products, their development and distribution, product demand and pipeline, economic and competitive factors, the Company’s key strategic relationships, acquisition and related integration risks as well as other risks detailed in the Company’s filings with the Securities and Exchange Commission. Citrix assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
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