Citrix Systems today announced an investment in Core Mobile Networks, Inc., marking the third funding commitment for the Citrix Startup Accelerator, its Silicon Valley-based seed investment initiative which launched in December 2010. Core Mobile Networks, Inc., based in Santa Clara, Calif., “mobilizes the cloud” by correlating information from enterprise IT systems with content in the cloud, and delivering it to mobile devices in real time with far more contextual relevance. Core Mobile will initially target mobile business professionals using the Apple iPhone and Android-based smartphone platforms.

Focused on entrepreneur-led innovation, the Citrix Startup Accelerator looks for new technologies and business models that have the potential to enable new capabilities in areas such as virtualization, cloud, mobility, networking, security, storage, collaboration and SaaS. The initiative not only provides seed investments to select start-ups, but enables them to benefit from the global Citrix presence, its entrepreneur-friendly environment, large customer base and seasoned go-to-market strategies. The investment in Core Mobile follows funding commitments made to Primadesk and in a stealth mode company, further expanding the Citrix Startup Accelerator portfolio. The program expects to announce more new investments in July as a result of the recent Citrix Startup Accelerator Global Challenge.

Quotes

Chandra Tekwani, CEO & founder, Core Mobile Networks

“The popularity of the cloud and rapid growth in smartphone and tablet adoption by business users is creating the need for enterprise IT to make cloud-based services more easily accessible from mobile devices. The Citrix vision for enabling anyone to work and play anywhere on any device really resonated with our business goals, making it a natural next step to join the Citrix Startup Accelerator Program to help us propel our momentum.”

John McIntyre, senior director, Citrix Startup Accelerator

“Core Mobile addresses a gap in delivering useful content to end users of cloud-based services with a technology that identifies the most relevant subset of content, correlates it across multiple sources, and delivers it via a user-friendly interface that fits the small display of a smartphone – all in real time. The goal of the Citrix Startup Accelerator is to equip innovative entrepreneurs like Core Mobile with the key resources that will help them achieve the rapid market traction and customer validation that will help make their ideas a reality.”