The leading provider of software-defined control programs for cloud and virtualized environments, VNTurbo disclosed in an announcement today that Globalspan Capital lead its Series C financial infusion round. The total funding for VNTurbo has now reached US$25 million, with Globalspan Capital giving the major investment including existing investors Highland Capital Partners and Bain Capital Ventures.
VNTurbo's President and Chief Executive Officer Louis Shipley said, "Bringing a world-class partner like Globespan on board enables us to be even more aggressive in capturing the huge market opportunity in front of us."
Shipley also disclosed, "The new funding will help accelerate our sales and marketing efforts, and ongoing product innovation. We continue to solidify our footing in the industry by delivering unique solutions that change the way companies operate cloud infrastructures and virtual data centers - driving down operational and capital costs by providing intelligent automation and control."
The company was also issued two patents according to an announcement on the 30th of April 2013. The first patent was assigned on 12th March 2013 and it highlighted the processes, structures and economic abstraction apparatus that run Operations Manager of VNTurbo. The second patent assigned on 30th of April 2013 is for implementing the principles of economics in Operations Manager to manage its information technology environments.
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