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Print Edition StoriesWednesday, January 30, 2008
Virtual Iron sees real money in $20M funding
Virtual Iron Software Inc. of Lowell has closed on a $20 million round of financing, increasing Virtual Iron's total venture funding to $65 million, company officials said.
Investors include local firms Highland Capital Partners of Lexington and Matrix Partners of Waltham along with Goldman Sachs Group Inc., Intel Capital, the investment arm of California-based Intel Corp., and SAP Ventures, the investment arm of Germany's SAP AG.
Virtual Iron specializes in enterprise-class server virtualization. Founded in 2003, the company employs 80 workers.
Its software is deployed in more than 1,450 organizations, officials said.
Earlier this month, Virtual Iron and Melville, N.Y.-based FalconStor Software Inc. agreed to collaborate on marketing, sales, product integration and cross-support to original equipment manufacturers (OEMs) and reseller partners.
In November 2007, Virtual Iron signed a worldwide reseller agreement with computer giant Dell Corp.
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