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Virtustream, Inc. has announced the closing of a $40 million Series D investment round led by SAP. Virtustream and SAP have a long standing relationship, with SAP being both a strategic partner and a valued customer of Virtustream.
Virtustream’s cloud software and Infrastructure-as-a-Service (IaaS) offerings were architected with a focus on the requirements necessary to run complex mission-critical enterprise applications such as SAP. Powered by Virtustream µVM (micro-VM) technology, xStream delivers enterprise-grade security and compliance, multi-tenant efficiency, application performance SLAs and consumption based charging for mission-critical, production and web-scale applications. The Virtustream platform is certified to deploy the full line of business applications from SAP, including customer relationship management, enterprise resource planning, product lifecycle, supply chain and corporate services. In 2010, Virtustream was among the first cloud providers certified to deploy business applications from SAP including on-demand infrastructure, hardware, storage, network, software and services. In May 2013 they were the flagship partner named in SAP’s newly launched HANA Enterprise Cloud, the first petabyte-scale virtual private cloud service for SAP HANA applications.
“Virtustream has been very successful innovating a technology platform uniquely equipped for running mission critical enterprise applications, such as ours, with the simplicity of the cloud,” said Bjoern Goerke, EVP and Corporate Officer, SAP HANA Enterprise Cloud at SAP AG. “This investment underscores our commitment to the enablement and delivery of the finest cloud-based enterprise software and service solutions in the world today.”
Virtustream will use the proceeds to fund additional capacity for IaaS growth, and further accelerate the development of its xStream cloud management software for both the enterprise and its global service provider network.
“Virtustream and SAP share a singular vision on what it takes to deliver world-class cloud solutions to the enterprise market,” said Rodney Rogers, Chairman and CEO of Virtustream. “This round of funding will accelerate our ability to anticipate the needs of the enterprise, and to develop and deploy market-leading private, public and hybrid cloud solutions to service these complex needs.”
This event adds further momentum to an already remarkable trajectory for Virtustream. In conjunction with the closing of this round, Virtustream was once again the youngest company included in the Gartner Magic Quadrant for Cloud Infrastructure as a Service which includes the leading 15 global vendors. Virtustream was also recently named as an EMA “Vendor to Watch”, ranked in the CIOReview CR 20 Most Promising Cloud Computing Companies and the CRN Data Center 100 and was awarded the 2012 Frost & Sullivan Product Line Strategy Award - Hybrid Clouds for their xStream cloud management software.
