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NEWS RELEASES
Virtual Iron Raises $8.5 Million - Intel Capital Leads Series C Round Acton, MA, September 26, 2005 – Virtual Iron Software (www.virtualiron.com), a provider of data center virtualization and management software solutions, today announced that it has secured $8.5 Million in venture capital funding in its’ Series C round with the option to raise an additional $2 Million with a strategic go-to-market partner. New investor Intel Capital led the round and was joined by existing investors Goldman Sachs, Highland Capital Partners and Matrix Partners. The funding will be used to further product development and to expand sales and marketing capabilities. As part of today’s announcement, Virtual Iron and Intel have also signed a collaboration agreement. “With this funding we will be able to not only further product development, but also expand our sales and marketing efforts to achieve our goal of being the solution of choice for enterprise customers to manage heterogeneous virtual data center environments,” said John C. Thibault, President and CEO of Virtual Iron. “We are very pleased that investors with the caliber of Goldman Sachs, Highland Capital Partners, Intel Capital and Matrix Partners have contributed to this latest round and will continue to play a strategic role in our growth.” “ Industry momentum in the virtualization market and the category-changing technology that Virtual Iron offers made this a very attractive investment for us,” said Scott Darling, Vice President, Intel Capital. “Enabling next generation distributed virtualization solutions like Virtual Iron's, on Intel's Virtualization Technology, is strategic to Intel.” Virtual Iron is the only company that offers enterprise-class virtualization that operates at the data center level. While first generation technologies are limited to working at the single-machine level or with small clusters of machines, Virtual Iron manages the aggregation and sharing of many machines and devices including server, storage and network resources. This enables enterprises to automate many time-intensive, manual tasks such as provisioning new servers, moving capacity to handle increased workloads, and responding to availability issues. In the Virtual Iron environment, any application can run on any machine, or be moved to any other machine without disrupting the application or operating system. Plus, Virtual Iron’s unique policy-based capability provides a full complement of tools to automate and control the virtual data center. With these capabilities, companies can transform the data center into a manageable, dynamic pool of shared computing resources and rapidly respond to changing business demands while dramatically reducing the cost of managing and operating their data center. “As virtualization technology grows within the enterprise, Virtual Iron will become an increasingly attractive solution for Global 2000 companies seeking to cut costs by optimizing the use of their existing data center investments,” said David Skok, General Partner at Matrix Partners. “We are continually impressed with Virtual Iron’s early market validation in several large customer accounts and traction in multiple vertical market segments.” “Virtual Iron continues to effectively implement its business plan in bringing to market a data center virtualization and management platform that has the potential to change the economics of the enterprise data center,” said Jo Tango, General Partner at Highland Capital Partners. “ In addition, the management team has a proven ability to execute in rapidly growing industries, which strongly positions the organization going forward as it continues to expand operations.” About Goldman Sachs About Highland Capital Partners About Intel Capital About Matrix Partners About Virtual Iron
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