Virtualization Technology News and Information
Viewfinity Secures $9m in Series B Funding; Expands Advisory Board
Viewfinity, the the innovator of systems and privilege management via cloud-computing, today announced $9 million in B-round funding from Giza Venture Capital, JK&B Capital and Longworth Venture Partners. This announcement comes in tandem with the expansion of Viewfinity's advisory team and newest board members, Greg Butterfield and Nilanjana Bhowmik.

Systems management icon Greg Butterfield, former CEO and Chairman of Altiris, is renowned for his business achievements that include the growth and mergers/acquisitions of WordPerfect to Novell, Vinca to Legato, Altiris to Symantec and Omniture to Adobe. Greg's proven success in the systems management space and his alignment with Viewfinity's vision and direction will help speed Viewfinity's growth and ensure that business decisions and technology vision are ahead of the market.

"Viewfinity is in an ideal position to address the viable place in the market for systems management that can be addressed in a cloud-based model," Butterfield said. "I am pleased for this opportunity to be directly involved in the next phase of Viewfinity's strategy and growth."

Founded by experienced entrepreneurs, Viewfinity offers cloud-based systems and privilege management solutions that allow IT departments to focus on managing systems and not the infrastructure. The cloud-computing model enables systems management support almost immediately so that administrators can begin managing the environment from anywhere and at anytime, for both local and mobile workers. Viewfinity's expertise in application virtualization serves as the foundation for new levels of advancement in cloud-based systems management, providing more granularity and control than ever before possible with traditional systems management platforms.

Series B investors reflect on their decision to fund Viewfinity:

  • "Viewfinity's ability to provide the best systems management technology while requiring no additional investment in IT infrastructure is a compelling value proposition for any prospective customer," says Zvi Schechter, Giza Venture Capital. "We recognize the opportunity this model presents and are certain of Viewfinity's success."

  • Thomas Neustaetter, JK&B Capital, notes his confidence in Viewfinity "this is the 2nd time my firm has invested in this entrepreneurial team. We are in full support of their proven vision, technology, business model, ability to execute and the direction in which they are leading Viewfinity."

  • "Viewfinity's product offering fills a much needed gap that exists in today's IT marketplace: easy-to-use and cost efficient systems management," said Nilanjana Bhowmik, Longworth Venture Partners, "Viewfinity's technology, product set and management team offer the ultimate trio for success and we are pleased to partner with them."

Viewfinity introduces several new prominent business and technology icons to its Advisory Board:

  • Dwain Kinghorn, former CTO of Altiris and VP with Symantec, Founder & CEO of Computing Edge

  • Stuart Schaefer, former CTO and Founder of Softricity and Partner Architect at Microsoft

  • Srinivasa Venkataraman, former CEO of Appstream and VP R&D for ZoneLabs

  • Benny Schnaider, former CEO and Founder of Qumranet, Pentacom and co-founder of P-Cube

"Viewfinity's ability to attract and appoint these business and technology leaders validates its credibility, leadership and presence in the market," said Leonid Shtilman, CEO of Viewfinity, "We look forward to the insight and direction our advisory board will provide as we expand our offerings into the systems management marketplace."

Published Tuesday, February 16, 2010 5:00 PM by David Marshall
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Viewfinity Secures $9m in Series B Funding; Expands Advisory Board … | Drakz Free Online Service - (Author's Link) - February 17, 2010 11:58 AM
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