Virtustream, a privately held infrastructure services firm, has completed new equity financing with total commitments of USD25m led by Virginia-based Columbia Capital and Miami-based Bl
Virtustream, a privately held infrastructure services firm, has completed new equity financing with total commitments of USD25m led by Virginia-based Columbia Capital and Miami-based Blue Lagoon Capital.
The funding is part of Virtustream’s growth strategy and will be used to continue accelerating its platform development, build international presence and expand domain expertise.
‘Columbia Capital is excited to work with this team of experienced virtualization and enterprise transformation professionals,’ says Patrick Hendy, partner at Columbia Capital. ‘We are very impressed with Virtustream’s proven management team and feel that they are well positioned to take the lead in the enterprise cloud computing space.’
‘Virtustream has deep virtualization experience, breadth & depth of highly scalable services, strategic alliances with key hardware and software partners as well as unique business and pricing models making them a compelling alternative to larger firms,’ says Rodney Rogers, chief executive of Blue Lagoon Capital.
Virtustream recently completed the acquisition of VirtualizeIT, a European consultancy practice dedicated to the advancement and adoption of virtualization technologies, and Brigh Technologies, a North American provider for the design and deployment of custom solutions in the virtualization space. The stockholders of both acquired companies will have an equity interest in Virtustream, and all employees will continue their employment with Virtustream.
‘Virtustream’s strategy is to fold VirtualizeIT and Brigh’s recognised virtualization services leadership into our existing capabilities to continue to build out our proprietary platform,’ says Kevin Reid, chief executive of Virtustream. ‘The platform will harness years of experience gained from thousands of successful physical to virtual transformations performed by both entities, leveraging the tools and historical data collected from those environments.’
