Virtual Iron Software Obtains $20,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d44704a-23db-42de-a50e-bb1b9d31be2b&Preview=1
Date
1/29/2008
Company Name
Virtual Iron Software
Mailing Address
900 Chelmsford Street, Tower I, Floor 2 Lowell, MA 01851
Company Description
Virtual Iron provides, Xen-based, enterprise-class software solutions for creating and managing virtual infrastructure. Organizations use Virtual Iron for consolidation, rapid provisioning, business continuity, workload management and policy-based automation.
Website
http://www.virtualiron.com
Transaction Type
Venture Equity
Transaction Amount
$20,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding, provided at an increased valuation, will be used to accelerate product development and expand global sales, marketing and distribution efforts.
M&A Terms
Venture Investor
Highland Capital Partners
Venture Investor
Matrix Partners
Venture Investor
Goldman Sachs
Venture Investor
Intel Capital
Venture Investor
SAP Ventures