Virtual Iron reports a 130% growth for Q3 2008

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In the last period Virtual Iron lost a number of key executives: the Chief Marketing Officer, the Chief Strategy Officer (still working as consultant), and the Director of Corporate Marketing.
Even before this, the company decided to not show up at industry events like the VMware VMworld for a couple of times.

Considering these facts the impression is that Virtual Iron is trying to contain the costs and avoid to burn the $65 million that raised in five rounds (the highest financing ever in the virtualization industry, excluding VMware).

Virtual Iron may not have another chance to collect capital, so it must to gain a more significant market share (Gartner reports no more than 1%) or to be acquired.

While there’s obviously no news about an acquisition, the company revealed some information about its growth: 130% revenue increase from Q3 2007 to Q3 2008, and 2,000 customers worldwide.

While these are great numbers the real problem is understanding if they are great enough to survive against the competition with VMware, Citrix, Microsoft, Red Hat, Novell, Oracle, Sun and Parallels (and probably more coming).