Sunday, December 04, 2011

VMTurbo raises $10MM Series B from Bain, Highland


VMTurbo, the leading provider of intelligent workload management software in virtualized environments, today announced that it has closed a $10 million B-round of funding, financed by returning investors Bain Capital Ventures and Highland Capital Partners. VMTurbo will use the funding to expand product development, customer support, sales and marketing.

"VMTurbo is emerging as the leader in automating the management of virtualized cloud infrastructures," said Peter Bell, General Partner at Highland Capital Partners. "Both service providers and enterprises are embracing VMTurbo's platform to realize the compelling ROI that cloud computing can provide."

About VMTurbo VMTurbo delivers an Intelligent Workload Management solution for Cloud and virtualized environments. VMTurbo uses an economic scheduling engine to dynamically adjust resource allocation to meet business goals. Using VMTurbo our customers ensure that applications get the resources they need to operate reliably, while utilizing infrastructure and human resources in the most efficient way.

Lou Shipley

President and CEO

Prior to joining VMTurbo, Lou was General Manager of Citrix Xen Products Group. Previously, he was President and CEO of Reflectent Software, an end user application performance monitoring company acquired by Citrix in 2006. Lou was General Manager of the Citrix Management Systems group, then took on the role as General Manager of Citrix XenServer when Citrix acquired XenSource in 2007. He joined Reflectent after working as an Entrepreneur in Residence at Highland Capital Partners. Prior to Highland, Lou served as Vice President of Worldwide Field Operations for WebLine Communications, a customer contact center software company acquired by Cisco Systems in 1999 for $325 million. Previously to WebLine, Lou served as Vice President of Americas and Pacific operations at Avid Technology. He joined Avid as a startup and oversaw growth to over $450 million in revenue. Lou also founded and served as President of Avid Japan, KK. Lou is a graduate of Trinity College and Harvard Business School, and is a Guest Lecturer at MIT Sloan School. He serves as a Trustee at Westminster School in Simsbury, CT and is on the Board of Directors at Xtranormal.com.

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