SEP has participated in a $12 million funding round for VirtenSys™ Ltd, a leading supplier of virtualisation solutions which improve the performance of data centres.
SEP, which originally invested in VirtenSys in 2006, took part in the Series B round alongside co-investors Celtic House Venture Partners (CHVP) and GIMV.
VirtenSys was founded in 2005 and has its UK headquarters in Manchester and its newly-opened US headquarters in Oregon. Its leading-edge virtualisation technology can deliver dramatic improvements in the value and effectiveness of data centres, allowing them to adapt efficiently to different workloads and delivering cost savings.
Stuart Paterson, a Partner at SEP, said: “SEP is confident that VirtenSys has an excellent future. Virtualisation is very much top of CIO agendas. VirtenSys’ virtualisation solutions will improve utilisation while lowering power and cooling requirements by as much as 50 percent. This is very attractive to many organisations seeking to optimise their data centres.”
VirtenSys is led by an experienced management team headed by newly-recruited Chief Executive Officer Ahmet Houssein and Chairman Andy Roberts. Houssein and Roberts are IT industry veterans with strong track records in delivering growth. Each has more than 30 years experience in building successful high-tech businesses.
The company, which recently made several other key senior appointments, will use the new funds to accelerate the development of its technology and to expand operations in the UK and United States in preparation for the commercial launch of its solutions.
