September 11, 2012
Newest investment by Citrix Startup Accelerator expands support for some of the world's most innovative startups
SANTA CLARA, Calif., Sept. 11 — Citrix Startup Accelerator, a corporate initiative investing in early stage startups, today announced an investment in CumuLogic, an innovative new Cloud Application Platform software provider that enables enterprises, cloud providers and ISVs to develop and deploy Java applications in public, private and hybrid cloud environments.
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 most promising of these entrepreneurs, while helping them come to market successfully.
CumuLogic was selected by Citrix because of its unique ability to bridge between traditional datacenters and clouds at the application level. As a result, enterprises and cloud providers can begin deploying enterprise-class applications in cloud environments today, without waiting for all the development standards to evolve and mature. By transforming virtualized environments and Infrastructure-as-a-Service (IaaS) clouds into a high-value Platform-as-a-Service (PaaS) cloud, CumuLogic technology simplifies the development, deployment and runtime management of mobile, web and enterprise applications in public, private and hybrid clouds.
Martin Duursma, VP of Citrix Labs and CTO Office Chair, Citrix
"We are excited to have CumuLogic join the Citrix Startup Accelerator program. Enterprise adoption of cloud infrastructure is moving from simple Infrastructure-as-a-Service (IaaS) to new classes of applications designed specifically for the cloud. CumuLogic provides enterprises with PaaS-like capabilities by providing a dynamically scalable application framework that integrates with any public or private IaaS cloud to deliver on this new hybrid cloud environment."
Peder Ulander, VP of Product Marketing, Cloud Platform Group, Citrix
"We recently recognized CumuLogic as one of the first Citrix CloudPlatform partners to be verified as Citrix Ready, and we are pleased to further extend this relationship with funding via our Citrix Startup Accelerator program. We believe that Platform-as-a-Service is a key element in driving greater cloud ROI for our customers, and we continue to see this market maturing further each year. Citrix CloudPlatform, powered by ApacheCloudStack, powers clouds of all shapes and sizes, and it's the innovation from startups like this that will help continue moving cloud adoption forward."
Rajesh Ramchandani, Founder and CTO, CumuLogic
"We are extremely excited by the investment Citrix has made in our company as it validates our vision of the evolution of the datacenter to the cloud computing model. Thanks to Citrix, we will be able to achieve great strides in realizing our vision."
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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.
Source: Citrix Systems, Inc.
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