Cloud Computing: Virtustream Gets $40 Million Investment Led by Longtime Partner SAP
September 12, 2013
Grazed from TheWhir. Author: Nicole Henderson.
Cloud provider Virtustream announced this week that it has closed a $40 million Series D investment round led by enterprise software provider giant SAP. The investment will be used to grow capacity of IaaS growth, and be put into further developing of its xStream cloud management software for enterprise and service provider network. In 2012, Virtustream raised $15 million to help grow xStream and expand into more markets.
The investment comes after a long-standing partnership between the two companies, where SAP was both a strategic partner and customer of Virtustream. Virtustream’s cloud software and IaaS offerings were built to serve the requirements of enterprise applications, including security, compliance, and SLAs. Its platform was one of the first to be certified to deploy the full line of SAP business applications in 2010…
“Virtustream and SAP share a singular vision on what it takes to deliver world-class cloud solutions to the enterprise market,” Rodney Rogers, chairman and CEO of Virtustream said…
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