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Companies born in the recession
Viewfinity Inc., a desktop virtualization startup launched in 2007 by former XOsoft executives, has capped its Series B financing at $9 million, filed a new patent for systems and privileges management software and embarked on a new go-to-market strategy aimed at businesses looking to move up to Microsoft Corp.’s (Nasdaq: MSFT) Windows 7 operating system.
“We are going where there’s money,” said president and co-founder Gil Rapaport, a former executive at XOsoft.
The company also announced former Altiris CEO and chairman Greg Butterfield will join Viewfinity’s board.
The technology in the Waltham-based company’s software for virtual desktop management has advantages over legacy systems, which, at new startups or companies migrating operational systems, require building new computing infrastructure for new desktop operating systems, Rapaport said.
The technology is especially useful where companies are using locked computers with no admin rights, which are difficult to manage, said co-founder and CEO Leonid Shtilman, an XOsoft co-founder.
Viewfinity is offering three product suites: systems management, privileges management and help with migration from Windows XP or Vista to Windows 7. The migration product is being offered for free — a go-to-market strategy designed to help the company upsell on its other two products.
The company’s pending patent for systems and privileges management software is its second U.S. patent application. Its first patent, filed in July of 2008, covers the company’s basic desktop virtualization technology.
Waltham-based Longworth Venture Partners was a new investor on the company’s Series B round, joining existing investors JK&B Capital and Giza Venture Capital, after Viewfinity began developing the new strategy, Rapaport said. The company currently has about 12 customers. Its total financing to date is at least $14 million.
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