Date: Wed, 22 May 2013 07:14:42 +0200
VMTurbo raises $25M in Series C funding
On May 1, VMTurbo, provider of management platforms for cloud and virtualized environments announced to have raised $25M in Series C funding from Globespan Capital, and previous investors Bain Capital Ventures and Highland Capital Partners.
Among VMTurbo recent success, the company has reached more than 150 percent YoY growth in Q1 revenue, tripled its customers and secured partnerships with VCE and NetApp. Furthermore VMTurbo appointed Chris Reisig as the vice president of worldwide sales.
N. Louis Shipley, president and chief executive officer at VMTurbo said:
Bringing a world-class partner like Globespan on board enables us to be even more aggressive in capturing the huge market opportunity in front of us, the new funding will help accelerate our sales and marketing efforts, and ongoing product innovation. We continue to solidify our footing in the industry by delivering unique solutions that change the way companies operate cloud infrastructures and virtual data centers – driving down operational and capital costs by providing intelligent automation and control.
Labels: Funding, VMTurbo