Elemental Gets Citrix Investment, New Board Member

1/25/11Follow @gthuang

Portland, OR-based Elemental Technologies, a video processing startup, said today it has received a strategic investment from Citrix Systems (NASDAQ: CTXS) and has added Kevin O’Hara to its board of directors. O’Hara is the former president and co-founder of Level 3 Communications (NASDAQ: LVLT) and the co-founder and executive chairman of Troppus Software. The amount of the Citrix investment was not disclosed, but the virtualization software firm previously has worked with Elemental to deliver high-performance applications like computer-aided design software.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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