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Citrix Drives Innovation with Investment in Mobile Security Startup Armor5
SANTA CLARA, Calif. --(Business Wire)--
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 (News - Alert) 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
enrepreneur-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.
Supporting Quotes
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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About Citrix
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 (News - Alert), 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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