Citrix Backs Mobile Cloud Technology Startup

Citrix this morning announced an investment in mobile technology company Core Mobile Networks, marking the third funding commitment for the company’s Startup Accelerator, its Silicon Valley-based seed investment initiative which debuted in December 2010.

Core Mobile Networks correlates information from enterprise IT systems with content in the cloud, and delivers it to mobile devices such as Apple’s iPhone and Android handsets over AT&T, Verizon, Sprint networks, in real-time, with contextual relevance.

The investment in Core Mobile Networks follows funding commitments made to Primadesk and in a stealth mode company. The program expects to announce more new investments in July as a result of the recent Citrix Startup Accelerator Global Challenge.

The size of the investment was not disclosed, but the Citrix Startup Accelerator program provides companies with seed funding ($100k-$400k) in addition to business mentoring, office space and technical resources.

Citrix also recently invested in GlassHouse Technologies and, more recently, Cotendo.