PHD Virtual Announces Joint Investment by Citrix and Insight Venture Partners
Philadelphia, PA (Vocus) May 20, 2010 -- PHD Virtual Technologies, pioneer and innovator in backup and recovery for virtual machines, announced today that it has signed an investment agreement with Citrix Systems, a leading provider of virtual computing solutions that help companies deliver IT as an on-demand service . In coordination with the arrangement, Insight Venture Partners made an additional funding investment. Terms of the agreement were not disclosed.
"PHD Virtual Technologies is a prime addition to the rapidly growing XenServer ecosystem with the recent expansion of its enterprise-class backup and recovery offerings to include Backup for Citrix XenServer,” said Andy Cohen, senior director of strategic development, Citrix. “The technology and team make PHD Virtual Technologies a strong partner and attractive investment opportunity. We look forward to working with them to meet the needs of joint customers and continue to grow our opportunities in the server virtualization market.”
“As our customers virtualize increasingly critical workloads, they want the flexibility of a heterogeneous hypervisor environment and scalable systems management tools. The business objectives of the Citrix XenServer Product Group and PHD Virtual are very much aligned,” said Thomas Charlton, Chairman and CEO of PHD Virtual Technologies. “We will use this financing event to accelerate our worldwide expansion and capitalize on the market opportunity that exists for our technology in XenServer and XenDesktop deployments.”
“We are happy to have Citrix join PHD Virtual as shareholders and strategic partners. XenServer and XenDesktop are both growing very strongly and have tremendous growth potential in the virtualization market,” said Michael Triplett, Managing Director, Insight Venture Partners. “We are pleased to extend PHD Virtual's unique software architecture, and best-in-class backup and disaster recovery for virtual environments to support both XenServer and XenDesktop.”
PHD Virtual has just announced their new Backup for Citrix XenServer® product which builds on the robust legacy of the award-winning esXpress 4.0. PHD Virtual’s products are the only enterprise data protection solutions that operate independent of the hypervisor offering greater stability and more security. Customers got their first look at the new XenServer product during the recent Citrix Synergy™ in San Francisco.
Using PHD Virtual Backup for Citrix XenServer, customers will enjoy the benefits of
About Insight Venture Partners
Founded in New York in 1995, Insight Venture Partners is a leading growth-oriented, entrepreneur-focused private equity and venture capital firm focused on expansion and late stage investments in the global software, Internet and data services industries. Insight’s team is composed of experienced investors and operating executives with more than 150 years of collective experience in its focal industries. With over $3 billion raised since inception and a large network of technology experts, Insight provides strong support to its portfolio companies. In 2009, Insight was named among the Top Ten VCs Globally by Red Herring Magazine. www.insightpartners.com
About PHD Virtual Technologies
Delivering the highest performance and most scalable cross platform backup solution on the market and pioneer of Virtual Backup Appliances (VBAs), PHD Virtual Technologies has been transforming data protection for virtual IT environments since 2006. Its award-winning data protection solution, esXpress, is used today by more than 2,000 enterprises worldwide to achieve unlimited scalability, high availability and cost effective backup and restore solutions for virtual machines. PHD Virtual also provides a suite of free virtualization utilities to assist with the administration and management of virtualized environments. For more information, please visit www.phdvirtual.com.
Citrix®, Citrix Synergy™, XenDesktop® and XenServer® are trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.
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PHD Virtual Technologies
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