Citrix Systems, the Software maker based in California, has chosen Tuebora, a Bangalore-based startup for an investment. The technology provider is the second Indian venture to make it to the Citrix Startup Accelerator in Silicon Valley after Grexit, chosen in 2011.
Tuebora will now have access to Citrix products, partner channel and global customer base. Moreover, it will also acquire a seed capital of $250,000 and get office space in the Valley for the next 18 months. The market for identity and access governance solutions is growing at 30%-40% annually, according to research company Gartner. Tuebora, which has been running pilots for their technology at various companies, found numerous instances of undesired access granted to employees. The company, with headquarters in California now, has already filed three patents for its technology.