Virtual Iron gets $13 million in new financial round, outlines new strategy

Quoting from the Private Equitiy Hub:

Virtual Iron Software Inc., a Lowell, Mass.-based provider of enterprise software for creating and managing virtual infrastructure, has raised $13 million in Series D funding. The Brookside Group was joined by return backers Highland Capital Partners, SAP Ventures, GS Capital Partners, Intel Capital and Matrix Partners. Virtual Iron has raised over $44 million in total VC funding since 2003.

Quoting from the Byte and Switch:

Now back in the storage fold, Walsh says that a sizeable chunk of his time at Virtual Iron will be spent forging deals with other software vendors. “We’re going to partner with the ecosystem,” he says, highlighting in particular systems management specialists such as IBM, CA, HP, and Symantec.

“How do you leverage things like Tivoli, OpenView, and Symantec for backup? That’s where I would like to go and have these conversations.”

The exec was less forthcoming on the issue of Virtual Iron’s customer list, confirming only that it amounts to less than 1,000 organizations, but somewhere in “the high hundreds.”…

Read the whole article at the source.