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TheStreet Open House

Citrix Fosters Innovation With Investment In Cloud Startup CumuLogic

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.

QUOTES

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.”

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