Citrix Drives Innovation with Investment in Mobile Security Startup Armor5

  Citrix Drives Innovation with Investment in Mobile Security Startup Armor5

  Citrix Startup Accelerator Taps Entrepreneurial Innovation in Mobility and
                              Cloud Technologies

Business Wire

SANTA CLARA, Calif. -- February 28, 2013

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 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 entrepreneur-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.”

Related Links:

  *Blog: Armor5 Shuffles the Deck
  *Armor5 “Zero Touch” blog
  *Recent announcement: Citrix Introduces XenMobile MDM
  *Recent Announcement: Citrix Drives Innovation with Investment in Cloud
    Startup AppEnsure
  *Recent Announcement: Citrix Fosters Innovation with Investment in Cloud
    Startup CumuLogic
  *Citrix Startup Accelerator

Follow us online:

  *Twitter: @Citrixaccel, @Citrix
  *Citrix on Facebook

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 260,000organizations and by over 100 million users globally.
Annual revenue in 2012 was $2.59 billion. Learn more atwww.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, 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.

Contact:

Citrix
Julie Geer, 1-408-790-8543
Julie.geer@citrix.com
Twitter: @CitrixPR
 
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