Thursday, November 17, 2011

Viewfinity bumps funding round to $5M

By Rodney H. Brown

Desktop virtualization company Viewfinity Inc. has boosted its previously announced funding round from a total of $3 million to $5 million, according to federal documents.

In a filing with the U.S. Securities and Exchange Commission, Waltham-based Viewfinity noted that it had bumped up sales of stock, options and warrants for stock in the United States from the $1.9 million announced in March to $3.16 million. The amount sold outside the U.S. remains the same, however, bringing the total in the round so far to $5 million.

The total number of backers – who are not named in the filing – have not increased from the four in the previous tranche of the round, according to the SEC filing.

Viewfinity raised a $9 million Series B financing round in February 2010, backed by Longworth Venture Partners, JK&B Capital and Giza Venture Capital.  At the time, the company also 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 Windows 7 operating system.

The company offers three product suites: systems management, privileges management and help with migration from Windows XP or Vista to Windows 7.