Virtual Iron Raises $20M

LOWELL, Mass. -- Virtual Iron Software (www.virtualiron.com), the leading provider of enterprise server virtualization made easy, today announced that it has secured $20 million in new venture equity financing. The funding, provided at an increased valuation, will be used to accelerate product development and expand global sales, marketing and distribution efforts. The investment brings Virtual Irons total venture funding to $65 million in invested equity capital and includes Highland Capital Partners, Matrix Partners, Goldman Sachs, Intel Capital and SAP Ventures.

“This funding and the increased valuation are a reflection of Virtual Iron’s strong market momentum. The server virtualization market is exploding and Virtual Iron is growing faster than the market itself,” said Ed Walsh, CEO of Virtual Iron. “Virtual Iron is known for providing enterprise server virtualization made easy. Our clients and partners get all the advanced benefits of server virtualization without the cost and complexity. The company’s market momentum is a direct result of the significant value our software delivers for our clients and partners.”

Virtual Iron Software Inc.