citrix

In today’s Bulldog wrapup of technology news: Tesla’s losses mount but shares rally Citrix expansion coming in Raleigh The remnants of MySpace are acquired by Time A Google exec takes heat at a hearing over taxes in the U.K. The details: Tesla’s 4Q net loss doubles but shares up on outlook Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street’s forecasts. But the electric car maker’s shares soared anyway on news that its lower-priced Model 3 sedan is on schedule to be released next year. Tesla said it will unveil the much-anticipated...

Citrix, which has been searching for a permanent replacement as CEO to replace NCSU graduate Mark Templeton since last fall, on Thursday named Kirill Tatarinov to the job. Tatarinov is a 13-year Microsoft veteran. Citrix (Nasdaq: CTXS), which is based in Santa Clara, Calif., employs some 600 people at its Sharefile operation in Raleigh. Tatarinov assumes the CEO role on Jan. 25. He also was named to the Citrix board, which now has 11 members. “I am honored to join Citrix during this exciting time,” Tatarinov said in a statement. “Citrix is an iconic company with a world-class brand,...

There still may be life for the two-year-old Raleigh Innovators Initiative. A spokesperson for Citrix confirms that the software and services firm is moving ahead with plans to shut down a global Startup Accelerator program as part of financial cutbacks. But that decision doesn’t mean it is ending participation in the Raleigh Innovators initiative, and a top Red Hat executive told WRAL TechWire that the Hatters remain interested. Also supportive of continuing it is a third partner, HQ Raleigh. In a report Wednesday, tech publication ExitEvent declared that the Innovators program would continue with or without Citrix. However, in...

Twelve startups will be making pitches to potential investors Tuesday evening at the Citrix Startup Accelerator in Raleigh. While there has been much talk that Citrix will pull out of the accelerator in the near future, tonight’s event is still on. Plus: Here’s a roundup of other upcoming events. The Citrix showcase is set for 1:30 p.m. at Market Hall in Raleigh. Other backers of the Accelerator include Red Hat, the City of Raleigh, Cherokee and HQ Raleigh. It’s the second “graduation” for startups from the program. More info at: https://www.eventbrite.com/e/innovators-program-raleigh-demo-day-tickets-19371678211 Other upcoming events as compiled by Derrick Minor...

Editor’s note: With an interim CEO with a finance background, it is no surprise the Citrix operational transformation plan focuses on cutting costs, holding revenue constant, and boosting margin performance from efficiency measures. Citrix has a big operation in Raleigh, and it is possible the firm will shut down a startup accelerator program located there. So what’s going on? Technology Business Research analyst Andrew Smith takes a look. HAMPTON, N.H. – With an interim CEO with a finance background, it is no surprise the Citrix operational transformation plan focuses on cutting costs, holding revenue constant, and boosting margin performance...

The Citrix Startup Accelerator is one of the casualties of a strategic restructuring by Citrix that also includes 1,000 layoffs and the spin out of the “GoTo” division as its own public company. Announced last week, the strategic restructuring will not have significant impact on the Raleigh office, with only a handful of jobs at risk. The Citrix Startup Accelerator, with locations in Santa Barbara, Silicon Valley, Bangalore, and Raleigh, cultivates breakthrough mobile, cloud and collaboration technologies, according to the company. The future of the program remains shrouded, even with reports from the News & Observer and Triangle Business...

Citrix Systems Inc. said Tuesday that it plans to spin off its GoTo family of products into a separate, publicly traded company. The transaction, which is intended to be a tax-free spinoff to Citrix shareholders, is expected to be completed in the second half of 2016. According to Citrix, the move will allow Citrix and the new company to focus on their respective competitive positions, while permitting Citrix to improve operational efficiency. There was no word on how the spinoff will affect Citrix’s Raleigh operations. Immediately following the separation, Citrix shareholders will own shares in two publicly traded companies:...