VirtenSys Obtains $16,000,000 Series C Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a06cf5c7-d80b-4ddc-b186-0cae9a7cff8f&Preview=1 -
Date
8/11/2009 -
Company Name
VirtenSys -
Mailing Address
14908 NW Greenbrier Parkway Beaverton, OR 97006 -
Company Description
VirtenSys was founded in December of 2005 and has developed industry-leading and patented I/O virtualization technologies for servers and storage platforms. VirtenSys solutions revolutionize how I/O infrastructure is deployed and used in data centers and deliver dramatic improvements in I/O utilization, cost, performance, power consumption and manageability. The full capabilities of VirtenSys I/O Virtualization (IOV) products can be utilized without disruption to existing servers and networks, protecting previous IT infrastructure investments. The products are deployed in traditional rack or blade server environments and with server virtualization installations. -
Website
http://www.virtensys.com -
Transaction Type
Venture Equity -
Transaction Amount
$16,000,000 -
Transaction Round
Series C -
Proceeds Purposes
The funding follows strong customer and end-user traction for the company’s I/O virtualization products, and will be used to grow the company’s revenues and broaden its markets and operations worldwide. -
M&A Terms
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Venture Investor
Scottish Equity Partners -
Venture Investor
Celtic House -
Venture Investor
GIMV
