Investment by Citrix Startup Accelerator Fosters Entrepreneurship with Support for Early-Stage Startups
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Citrix Startup Accelerator, a corporate initiative investing in early stage startups, today announced an investment in AppEnsure Inc., an innovative new Application Performance Management Platform provider that ensures high performance for enterprise applications as they virtualize and move to the cloud.
Focused on entrepreneur-led innovation, the Citrix Startup Accelerator program provides seed investments, office space, and mentorship 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. The IT landscape is in a period of dramatic change, shifting expectations, and transformational new computing capabilities. As mobile workstyles and cloud services redefine the technology landscape, many of the best ideas will come from innovative startups with the flexibility to approach programs in entirely new ways. The Citrix Startup Accelerator is designed to tap into the innovation of the most promising of these entrepreneurs, while helping them come to market successfully.
AppEnsure was selected by a panel of high profile venture capitalists and Citrix leaders as the recipient of a $100,000 investment from Citrix during the Startup.Synergy Challenge earlier this year. AppEnsure was chosen to become part of the Citrix Startup Accelerator because of its unique ability to deliver application performance insurance in dynamic virtualized and cloud computing environments, enabling the cost benefit promise of utility computing while maintaining business-critical application performance. As a result of this unprecedented visibility of the complete IT topology and data flows, AppEnsure gives IT the means to predictably manage operations, control SLAs and deliver the performance required for business critical apps.
AppEnsure is giving the first public product demonstration of the new technology at DEMO 2012 this week.
Martin Duursma, VP of Citrix Labs and CTO Office Chair, Citrix
“As we move into a fully virtualized IT infrastructure, the AppEnsure technology provides a new and fresh approach to end-to-end application performance visibility. We are excited to watch the technology from AppEnsure take shape as a result of our investment.”
Colin L.M. Macnab, CEO and Founder, AppEnsure Inc.
"We are extremely excited by the investment Citrix has made in our company, as it validates our vision of successful virtualization and movement to the cloud of business critical apps. This investment and strategic help from Citrix will enable us to deliver our first fully integrated product and introduce it to customers anxious to resolve their apps performance challenges."
- Expert Blog: Solving the Blame Game in the Cloud
- Recent Blog: Surprise $100K Awards to ScriptRock and AppEnsure
- Recent Announcement: Citrix Startup Accelerator Announces Startup.Synergy $100K Challenge Finalists
- Recent Announcement: Citrix Continues to Foster Innovation with Seven Seed Investments and New Incubator Facility
Follow us online:
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.
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® is a registered trademark 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.
Source: Citrix Systems, Inc.