USA, Virtustream Secures $25M Equity Financing
Summary
The company, Headquartered in Washington, D.C., with offices in London, Dublin and the Channel Islands, is committed to helping clients actualize the enterprise cloud by providing strategy, integration and managed services leveraging deep virtualization experience, and its own proprietary platform.The proceeds will be used to accelerate its platform development, build international presence and expand domain expertise.Virtustream recently completed the acquisition of VirtualizeIT, the premier European consultancy practice dedicated to the advancement and adoption of virtualization technologies, and Brigh Technologies, the North American provider for the design and deployment of custom solutions in the virtualization space.In an offial statement, Kevin Reid, CEO of Virtustream, was reported as saying: “Virtustream’s strategy is to fold VirtualizeIT and Brigh’s recognized virtualization services leadership into our existing capabilities to continue to build out our proprietary platform.“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” FinSMEs 01/09/2009