Storage Informer
Storage Informer

Virtustream Raises $25 Million Equity Financing

by on Sep.02, 2009, under Storage

Virtustream Raises $25 Million Equity Financing

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Virtustream a privately held infrastructure services firm, today announced the completion of new equity financing with total commitments of $25 million led by Virginia based Columbia Capital and Miami based Blue Lagoon Capital.

Virtustream is an infrastructure services firm committed to helping clients actualize the enterprise cloud by providing strategy, integration and managed services leveraging deep virtualization experience, and its own proprietary platform. The infusion of funding is part of Virtustream¡¦s growth strategy and will be used to continue accelerating its platform development, build international presence and expand domain expertise.

Virtustream also recently completed the acquisition of VirtualizeIT, the premier European consultancy practice dedicated to the advancement and adoption of virtualization technologies, and Brigh Technologies (Brigh), the leading North American provider for the design and deployment of custom solutions in the virtualization space. The union brings together pioneers in enterprise computing including being one of the first VMware professional services partners in North America and the 2008 VMware EMEA Partner of the Year. The stockholders of both acquired companies will have an equity interest in Virtustream, and all employees will continue their employment with Virtustream.

URL: http://feedproxy.google.com/~r/Virtualizationdotcom/~3/s5Z-L0sO7T0/

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