PHD Virtual acquired by Unitrends

PHD Virtual, a well known player in the VM backup and recovery market has been acquired by Unitrends. Unitrends also specializes in backup solutions and will integrate the PHD Virtual product suite into its own portfolio. Combined, Unitrends and PHD Virtual will serve more than 10,000 customers worldwide and have more than 8,000 global channel partner representatives.

Both companies have primary investments from Insight Venture Partners, a leading global private equity and venture capital firm. Financial terms of the transaction were not disclosed.