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VM6 Software Secures $4 Million in Financing Led by RBC Venture Partners and Ignition Partners
VM6 Software, Inc., provider of the only all-in-one IT virtualization infrastructure software, today announced that it has closed a $4 million series A round of investment with RBC Venture Partners and Ignition Partners. The investment will further accelerate VM6 Software’s customer expansion, future software development and marketing and sales efforts worldwide. Additionally, industry veteran Stephen Pollack has joined VM6 Software’s board of directors, along with Richard Fade from Ignition Partners and Jean-David Begin from RBC Venture Partners.   

VM6 VMex software offers small- to medium-sized businesses (SMBs) an all-in-one IT infrastructure solution that is designed to fully leverage the benefits of virtualization to manage, provision, consolidate and protect distributed servers and desktop environments at a fraction of the cost of traditional solutions. The VM6 VMex solution eliminates the need for SMBs to centralize the infrastructure, hire and train specialized experts, and integrate expensive multi-point solutions for server and desktop virtualization, high availability, storage and management.   

Pollack is a seasoned entrepreneur and industry expert with more than 25 years of experience in the high-technology market.  His most recent success started in 2003 with the founding of PlateSpin Ltd., a recognized industry leader in the virtualization market, which was purchased by Novell.  

“VM6 Software has a unique position in the marketplace as the strongest vendor with a single solution that addresses the barriers to entry for those who have yet to virtualize certain parts of their IT infrastructure,” said Stephen Pollack. “VM6 Software not only addresses the technological barriers, but also the costs and complexities that often deter or slow down the adoption of virtualization.” 

In addition to recently joining the Microsoft BizSpark One program, VM6 Software also announced the general availability of its VM6 VMex Enterprise Edition, which leverages Microsoft Hyper-V™ to combine virtualization with shared storage, advanced clustering, and intuitive management and monitoring. Customers using VM6 VMex are managing the network, desktops, applications, and physical and virtual servers as objects within their environments, all without the need for any external shared storage.  With a single console to manage the entire enterprise or each site individually, administrators can easily manage up to 65,000 distributed objects. 

“VM6 VMex is a breakthrough for mid-market companies and branch automation looking to realize the benefits of virtualization,” said Richard Fade, partner at Ignition Partners.  “By dramatically reducing storage, management and ongoing operational costs, VM6 Software significantly increases the return on its customers’ virtualization project investment.  We are excited to be supporting the company.“

“We see many funding opportunities in the technology vertical at RBC Venture Partners,” said Jean-David Begin, partner at RBC Venture Partners. “VM6 Software stands out as an innovative and much needed solution in the SMB virtualization space. We are confident that the technology in conjunction with the vision, passion and technical expertise of the VM6 Software team will drive the success of the company to make it the market leader in this growing space.”   

Claude Goudreault, founder and CEO of VM6 Software, said, “Raising this round of financing speaks volumes about the continued importance of the virtualization market and the attractiveness of our technology to reduce the costs and complexities over traditional virtualization solutions. RBC Venture Partners and Ignition Partners both recognize the large opportunity that we bring into this market. With this investment, we can strengthen our market traction and increase VM6 Software’s attractiveness as a world-class vendor. With Stephen Pollack as part of our board, we are further positioned for success, as his achievements in building companies from early stage to acquisition, combined with his skills and experience in virtualization, make him a welcomed addition.” 

Published Tuesday, April 13, 2010 6:54 AM by David Marshall
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