VMTurbo Revs Up With $10M More from Bain, Highland

11/29/11Follow @gthuang

Waltham, MA-based VMTurbo, a maker of virtualization management software, said today it has closed $10 million in Series B financing led by previous investors Bain Capital Ventures and Highland Capital Partners. The company says it will use the new money to expand its product development, customer support, sales, and marketing. It has raised $17.5 million to date.

VMTurbo gives businesses and IT departments real-time performance metrics and analytics tools to help them run their applications and virtualized/cloud environments efficiently.

The company, which also has an office in Valhalla, NY, was founded there in 2008 by EMC and IBM veteran Shmuel Kliger. It is now led by CEO Lou Shipley, formerly of Citrix and Avid.

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 or call him at 617-252-7323. Follow @gthuang

By posting a comment, you agree to our terms and conditions.