[March 23, 2012]

Citrix Startup Accelerator Spurs Mobile and Cloud Innovation at Upcoming DEMO and Synergy Conferences

Citrix Systems (News - Alert) today announced upcoming opportunities for global entrepreneurial companies to contribute to the next wave of innovation for mobile workstyles via the Citrix Startup Accelerator, its Silicon Valley-based seed investment initiative. The IT landscape is in a period of dramatic change, shifting expectations of IT and computing capabilities and providing an opportunity for entrepreneurs to contribute their ideas. Startups have always challenged the norms and assumptions in computing and in business. As the exceptions of the PC Era - mobile users, personal devices, and wireless access - become the assumptions of the Cloud Era, staying close to new thinking is important to Citrix as it continues to help shape the future.

Focused on entrepreneur-led innovation, the Startup Accelerator provides seed investments to select startups 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 to help further their ideas. In the next two months, the Citrix Startup Accelerator is providing several opportunities at premier Silicon Valley events for entrepreneurs to present their business ideas to potentially secure funding:

• Startup.Synergy (News - Alert) Challenge: Applications are now open to participate in the Citrix Startup.Synergy Challenge. Interested companies can apply between now and April to be in the running for the next round of investments by the Citrix Startup Accelerator. Three early finalist companies will be chosen to present live to a panel of judges on May 9 at Citrix Synergy in San Francisco. One company will be immediately offered a $100,000 investment from Citrix and inclusion in the 2012 Startup Accelerator class subject to the terms of the Startup Accelerator Program.
• DEMO Spring 2012: Produced by IDG Enterprise in conjunction with VentureBeat, the DEMO Spring 2012 conference, April 17-19 in Santa Clara, Calif., will focus on emerging technologies and new product innovations. The DEMO conferences have earned a reputation for consistently identifying tomorrow's cutting-edge technologies, and have served as launch pad events for companies such as E*Trade, Palm, Salesforce and Tivo. Citrix will be a gold sponsor of the event and provide onsite opportunities for emerging startups to apply to the 2012 Startup Accelerator class and potentially secure up to $250,000 in funding.
• Startup.Synergy: This track at Citrix Synergy will provide insight into the incredible fluidity of mobile workstyles and the new demands placed on IT for the cloud services that empower them. It will provide an inside look at tomorrow's multibillion techcompanies, a framework to appreciate how quickly these companies are proliferating and showcase how the Citrix Startup Accelerator is building new bridges to this ecosystem. Startup.Synergy tickets provide entry to Citrix CEO Mark Templeton's Synergy Opening Keynote presentation at 10:30 a.m. on Wednesday, May 9, with lunch in the Solutions Expo at 12:30 p.m., followed by the Startup.Synergy afternoon track. To purchase your One Day Pass ($295), please visit the Synergy registration page.

Quotes

John McIntyre, managing director, Citrix Startup Accelerator

"In the past year, we have invested in 11 companies, helping them to further their ideas and plan for execution. In fact, many of them are on their way to garnering additional rounds of VC funding because of their increased visibility from the program. This year we will continue to work with our portfolio companies to help them benefit from the access to Citrix channels and customer base, as well as the collaboration and mentorship our program provides, while bringing new companies into the fold."

Matt Marshall, founder, VentureBeat

"Citrix is fostering technology innovation differently than most enterprise companies - by focusing on the early stage entrepreneur and helping them create the future, versus just benefiting its own product portfolio. As a gold sponsor of DEMO Spring 2012, they will not only provide unique insight to attendees, but also provide a chance for the best of the best to secure additional funding."

Related Links

• Citrix Startup Accelerator page
• Startup.Synergy page
• Startup.Synergy Challenge page
• DEMO website

Follow Us Online

• Twitter (News - Alert): @Citrix, @CitrixAccel, @Jshack, @JGMc, @MichaelHarries, @DEMO
• Citrix Startup Accelerator on LinkedIn
• Citrix on Facebook

About Citrix

Citrix Systems, Inc. (NASDAQ:CTXS) transforms how businesses and IT work and people collaborate in the cloud era. With market-leading cloud, collaboration, networking and virtualization technologies, Citrix powers mobile workstyles and cloud services, making complex enterprise IT simpler and more accessible for 260,000 organizations. Citrix products touch 75 percent of Internet users each day and it partners with more than 10,000 companies in 100 countries. Annual revenue in 2011 was $2.21 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.

Citrix® and Citrix Synergy™ are 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.

[ Back To TMCnet.com's Homepage ]