Fortisphere got $10 million in series A round funding by Fairhaven Capital Partners and Globespan Capital Partners

By admin at November 19, 2007 | 8:28 pm | Print

What Company is Offering:
Fortisphere is a leading provider of virtual machine lifecycle management software that facilitates the rapid expansion of virtual infrastructures through greater visibility, granular control, and best practices.Fortisphere is built on a culture of creativity, technological rigor, and market innovation. Unique among its peers, Fortisphere has created patent-pending solutions that were built expressly to address the operational challenges associated with virtualization.

How It Works:
Fortisphere empowers enterprises to more intelligently grow their virtual machine deployments by providing the visibility, granular control and best practices required to ensure virtualized environments operate efficiently, effectively and securely. By tracking, reporting and managing both online and offline virtual machines, Fortisphere helps accelerate virtualization adoption.

How Much They Got From VCs:
They got $10 million in series A round funding. The round was co-led by Fairhaven Capital Partners and Globespan Capital Partners.

How They Will Use Funding:

The company will use the funding to further product development, grow its sales team and increase its market visibility.
IDC predicts that the virtualization market will reach $11.7 billion over the next four years and that by the end of this year, about half of the world’s 4.2 million servers will be virtualized,” said Paul L. Ciriello, managing partner, Fairhaven Capital Partners. “While this dramatic growth has resulted in cost and operational gains for companies, it has also triggered a need for data center management tools purpose-built for virtualized environments. Fortisphere fills this urgent market need by providing a unique means for organizations to more efficiently manage their virtual machine deployments.”
More at:http://www.fortisphere.com/

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