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VMLogix Receives Funding from Bain Capital Ventures
VMLogix, a global provider of virtual infrastructure management technology to simplify the software lifecycle, today announced that it secured Series A funding from Bain Capital Ventures, one of the world’s leading private investment firms, for $3.5 million.

VMLogix’s LabManager product is designed specifically for IT operations, software development and quality assurance teams at Global 2000 enterprises, commercial ISVs and ITES companies worldwide. LabManager helps users build, share, deploy and optimize the management of complex, multi-machine development and test system configurations and QA/Test labs. LabManager fully automates the time-consuming and error-prone tasks in the test environment setup process – provisioning operating systems on servers and virtual machines, installing and configuring multiple software applications, provisioning test tools and executing and monitoring manual and automated test scripts.

Software engineering teams can now employ LabManager to deliver more reliable products faster, and at lower costs, than was previously possible. VMLogix addresses an important gap in the marketplace by providing the only solution that works seamlessly across diverse operating systems, virtualization platforms and physical machine environments. It also provides the user full process control at every level within the test environment – the virtual machine and host and guest OS. The LabManager platform has been extensively beta tested at 11 large enterprise-grade accounts, which include some of the world’s largest and most successful software and ITES companies.

“VMLogix’s value proposition should be very attractive to enterprises seeking to leverage new virtualization platforms from Microsoft and VMware to simplify and accelerate their software lifecycles,” said Ajay Agarwal, managing director at Bain Capital Ventures. “We believe VMLogix combines superior technology with innovative product vision and the entrepreneurial talent necessary to garner a leadership position within this rapidly growing space. We are pleased to provide VMLogix funding to help fuel its growth initiatives.”

CEO Ravi Gururaj founded VMLogix while working at Trilogy, an Austin-based provider of technology-powered business services to Global 1000 companies, where he was managing director of the India Software Engineering Center. With more than 17 years of technology product development, management and marketing experience, Gururaj was previously director of e-commerce initiatives at Trilogy and held executive positions at UberWorks, Inc. and Dialogic Corporation.

“Funding from Bain Capital allows VMLogix to further its vision of bringing enterprise virtualization technology to all phases of the software lifecycle,” said Gururaj. “VMLogix will use this capital to support ongoing product development and its U.S. go-to-market initiative. VMLogix’s emphasis on ease-of-use, platform heterogeneity and open product architecture, ensure that LabManager is the most user-friendly, cost-effective, reliable, flexible virtual lab infrastructure management framework. Software developers are no longer limited when it comes to virtualization management solutions for their software development and testing needs.”
Published Thursday, October 19, 2006 9:55 PM by David Marshall
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