Bain Capital Ventures and Highland Capital Partners lead B round
Waltham, MA, November 29, 2011 – 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 the only virtualization management solution to combine real-time operational performance metrics with unique analytics to drive a broad set of workload management actions that assure both application performance and most efficient use of virtualized and cloud environments.
“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.”
“Customers are finding that VMTurbo’s unique solution is the only holistic means of managing all resources in virtualized environments,” said Ben Nye, Managing Director at Bain Capital. “These businesses depend on their Applications, and their applications depend on VMTurbo.”
Named by Gartner to its “Cool Vendors in Cloud Management, 2011” report, VMTurbo has gained significant, worldwide market traction since it was founded in 2009. VMTurbo is enabling cloud service providers and enterprises – including British Telecom, Omnicare and L-3 Communications – to maximize the ROI of their virtualized infrastructure.
“Bain Capital Investments and Highland Capital Partners have been great partners. We are pleased that they are investing in VMTurbo’s next growth wave,” said VMTurbo president and CEO Lou Shipley.
VMTurbo delivers an Intelligent Workload Management solution for cloud and enterprise virtualization environments. VMTurbo uses an economic scheduling engine to dynamically adjust resource allocation to meet business goals. The VMTurbo platform first launched in August 2010 and since that time more than 4,000 cloud service providers and enterprises worldwide have deployed the platform including British Telecom, Omnicare and L-3 Communications. 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.