Citrix Startup Accelerator, a corporate initiative investing in early stage startups, today announced its investment in Armor5, Inc., a newly launched company focused on enterprise mobility. The investment builds on the Citrix vision of providing solutions that allow enterprises to embrace employee mobility. Complementary to Citrix cloud and mobile solutions, including the recently-announced Citrix XenMobile™ MDM, the Armor5 technology addresses the growing need for data security and compliance in the mobile enterprise.
Armor5 was selected to join the Citrix Startup Accelerator portfolio because of its unique approach to enterprise mobility and security. More employees than ever before are demanding access to the apps and data that will make them productive when they are outside the office - and they want this access from any mobile device, including their own personal ones. Founded by security, mobility and cloud computing experts from Adobe, Motorola and Yahoo, Armor5 safeguards intranet data and cloud applications by ensuring content from these systems never actually touches an end-user’s mobile device. A free, public beta version of the Armor5 service launched this week, with self-service sign-up.
As mobile workstyles and cloud services redefine the technology landscape, Citrix believes many of the best ideas will come from early-stage startups with the flexibility to approach enterprise challenges in entirely new ways. The Citrix Startup Accelerator program is part of Citrix Labs, an applied research group that enables Citrix to stay ahead of and adapt to new technology trends. Focused on entrepreneur-led innovation, the program provides seed investments, office space, and mentorship to select startups from around the world. Companies selected for the program benefit from the global Citrix presence, its entrepreneur-friendly environment, large customer base and seasoned go-to-market strategies. The Citrix Startup Accelerator is designed to foster open innovation with up-and-coming startups while helping them come to market successfully.
Martin Duursma, VP of Citrix Labs and CTO Office Chair, Citrix
“The Citrix Startup Accelerator enables Citrix to foster open innovation with cutting edge cloud and mobile technologies that will continue to impact the way we work. As we move toward a more mobile enterprise, the Armor5 technology provides a fresh approach to addressing employee demand for BYOD and the security challenges it brings.”
Suresh Balasubramanian, CEO, Armor5, Inc.
“The Citrix Startup Accelerator provides a valuable opportunity that will help us bring our technology to market. It is more than just an investment - we are gaining access to corporate resources, mentorship and strategic assistance that will enable us evolve mobility capabilities in the enterprise.”
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Citrix (NASDAQ:CTXS) is the cloud computing company that enables mobile workstyles - empowering people to work and collaborate from anywhere, accessing apps and data on any of the latest devices, as easily as they would in their own office - simply and securely. Citrix cloud computing solutions help IT and service providers build both private and public clouds - leveraging virtualization and networking technologies to deliver high-performance, elastic and cost-effective services for mobile workstyles. With market leading solutions for mobility, desktop virtualization, cloud networking, cloud platforms, collaboration, and data sharing, Citrix helps organizations of all sizes achieve the kind of speed and agility necessary to succeed in an increasingly mobile and dynamic world. Citrix products are in use at more than 260,000 organizations and by over 100 million users globally. Annual revenue in 2012 was $2.59 billion. Learn more at www.citrix.com.
For Citrix Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and 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 the impact of the global economy and uncertainty in the IT spending environment, revenue growth and recognition of revenue, products and services, 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.
The development, release and timing of any features or functionality described for our products remains at our sole discretion and is subject to change without notice or consultation. The information provided is for informational purposes only and is not a commitment, promise or legal obligation to deliver any material, code or functionality and should not be relied upon in making purchasing decisions or incorporated into any contract.
Citrix® and XenMobile™ are registered trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.
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