Cloud computing start-up Gizmox Ltd.has signed a strategic cooperation agreement with Citrix Systems Inc. (Nasdaq: CTXS), which has also invested $2.5 million in the company, as part of a $3.5 million convertible loan. The companies will enable enterprises to convert existing and new applications to operate on HTML5-enabled devices.
The company's Visual WebGui solution converts applications to cloud environments. Gizmox CEO Navot Peled, Guy Peled, and Dan Lichtenfeld founded the company in 2007. Incubator Maayan Ventures Ltd. (TASE:MAYN) owns 30.4% of the company, which has 25 employees.
Peled said, "Citrix is an industry leader in virtual computing technology and its solutions are enabling the consumerization of IT to become a reality for thousands of enterprises and millions of users around the world. The two companies have a shared vision for delivering applications to any device, including HTML5-based devices. Our combined efforts will help advance technology to support cloud computing and mobile devices.”
Published by Globes [online], Israel business news - www.globes-online.com - on June 30, 2011
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