AAA Citrix to shut down accelerator next month

Citrix to shut down accelerator next month

Virtualisation, mobility management and networking software provider Citrix will formally shut down its Citrix Startup Accelerator at the end of February 2016 after almost five years of activity.

Citrix Startup Accelerator was launched in December 2010 and invested $250,000 in each of the mobile, cloud and collaboration technology startups that took part in its programme, along with support and a workspace in Silicon Valley for 12 to 18 months.

The firm revealed in November 2015 that it was winding down the initiative as part of a company-wide effort to cut non-core activities in order to save money.

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