Top 25 European Cloud Computing Rising Stars: Virtensys

Advertise on CloudTweaks

Top 25 European Cloud Computing Rising Stars: Virtensys

Manchester-based Virtensys started developing I/O Virtualization technologies for servers and storage platforms and needed less than a year to secure its first round of venture capital funding in October 2006, after venture capital investors Scottish Equity Partners provided Series A funding worth GBP 6.41 million to the start-up founded by entrepreneurs who left market leaders such as Adaptec, Brocade, Fujitsu, HP, ICL and Intel to establish a new enterprise.
The company has bet on an innovative vision that data center servers and storage systems will no longer physically contain complex high-speed I/O adapters. Virtensys’ solution includes native PCI Express interface that eliminates all network and storage aggregation switches while all network cables connecting each and every server are replaced with a single PCI Express cable.

Virtensys boasts solutions that allow a flexible server I/O optimization, enabling customers to increase their data center and server operational agility while utilizing industry-standard x86 servers from multiple vendors.
Solutions take into account the concept of multi-core CPUs and enterprise server virtualization where customers meet increasing demands by a multi-core server which is demanding I/O exceeding that of several single-use servers. The company’s approach to Cloud Computing eliminates dependency on a single server vendor and offers virtualization of hard-to-virtualize applications.

Virtensys’ products include VIO-400x Series I/O Virtualization Appliances that consolidate and virtualize network and storage connectivity to a rack of servers providing up to 80Gbps of Ethernet uplink bandwidth, 32Gbps of FC uplink bandwidth, and/or up to 16TB of local storage connectivity to up to 16 servers, the company said in a press release on its product portfolio.

Following an initial Series A funding by Scottish Equity Partners, the company managed to secure USD 12 million in Series B funding round in 2008, provided by an investor syndicate lead by Scottish Equity Partners and comprising Celtic House Venture Partners and GIMV. “That the original investors subscribed fully to the Series B round is significant. It validates our strategy and demonstrates their confidence in the market opportunity and the demand for our products,” Andy Roberts, chairman of the board of directors of VirtenSys, said in a press release on the deal.

The company used the funds raised to open its headquarters in the United States and to further expand its presence in the American market. “We achieved a significant milestone with this second round of financing. Now, as we embark on the next growth phase, we are very well-positioned with the strong backing and endorsement from our investors and our board of directors. We have a great team spirit and exceptional talent in both the U.K and the U.S., and you can just feel the momentum building.

It’s a very exciting time for Virtensys,” Ahmet Houssein, Virtensys’ president and CEO, commented in 2008.

A year later, in August 2009, the company secured a third round of venture capital financing, getting USD 16 million from Scottish Equity Partners, Celtic House Venture Partners, and GIMV. By completing a third round of funding, Virtensys announced its expansion policy will not be affected by growing competition from companies like Xsigo, Netirion and Next I/O.

Actually, Virtensys is well positioned to compete on equal grounds with peers in the sphere of virtualization networking. The company is constantly nominated as one of the most innovative European IT companies and has a clear vision what its future looks like in the world of Cloud Computing.

By Kiril Kirilov

Kiril Kirilov

Kiril V. Kirilov is covering IT and business and finance topics as a full-time journalist and freelance writer for over two decades. He also deals with all things content strategy and content marketing.

Kiril analyses all business and new technology trends across the tech industry. He is also founder of a content strategy service.

Something went wrong. Please check your entries and try again.

CONTRIBUTORS

The Future of Big Data and DNS Analytics

The Future of Big Data and DNS Analytics

Big Data and DNS Analytics Big Data is revolutionizing the way admins manage their DNS traffic. New management platforms are ...
How IoT, Wearables, and Mixed Reality May Disrupt Banking

How IoT, Wearables, and Mixed Reality May Disrupt Banking

Banking Disruption Technology and finance have always gone together. It takes the best, most secure technologies to keep stockpiles of money ...
73% Are Using Internet Of Things Data To Improve Their Business

73% Are Using Internet Of Things Data To Improve Their Business

Internet Of Things Data According to the Cisco Visual Networking Index, M2M connections will represent 46% of connected devices by ...
MarTech’s Fragmented Landscape is Failing Brand Marketers

MarTech’s Fragmented Landscape is Failing Brand Marketers

MarTech’s Fragmented Landscape Mapping the customer journey is one of the biggest strategic shifts currently underway in the marketing industry ...
Ransomware's Great Lessons

Ransomware’s Great Lessons

Ransomware The vision is chilling. It's another busy day. An employee arrives and logs on to the network only to ...
Small Businesses CAN Compete Using The Cloud

Small Businesses CAN Compete Using The Cloud

Small Businesses Cloud In the past, small business owners had to either run applications or software that was downloaded physically ...
If Not Managed Correctly, The Cloud Can Cost An Organization

If Not Managed Correctly, The Cloud Can Cost An Organization

Cloud Application Management When organizations implement cloud applications, they do so as a means to be more efficient and in ...
6 Blockchain Applications That Any Small Business Owner Can Use

6 Blockchain Applications That Any Small Business Owner Can Use

6 Blockchain Applications Although associated with the virtual currency bitcoin, blockchain technology can be applied across multiple industries, and it ...

NEWS

Toyota to test self-driving, talking cars by about 2020

Toyota to test self-driving, talking cars by about 2020

TOKYO (Reuters) - Toyota Motor Corp (7203.T) on Monday said it would begin testing self-driving electric cars around 2020, which ...
New IDC Spending Guide Forecasts Nearly $120 Billion in Worldwide Spending on Security Products and Services in 2021

New IDC Spending Guide Forecasts Nearly $120 Billion in Worldwide Spending on Security Products and Services in 2021

FRAMINGHAM, Mass., October 19, 2017 – Worldwide spending on security-related hardware, software, and services is forecast to reach $119.9 billion in ...
Cisco Unveils Industry's First Predictive Services Powered by AI

Cisco Unveils Industry’s First Predictive Services Powered by AI

New offerings designed to manage growing technical skills gap through unique expertise, intelligence and automation SAN JOSE, CA--(Marketwired - Oct ...

NEWSLETTER SUBSCRIBE

CloudTweaks has been a prominent influence covering cloud technologies since 2009. We have worked and continue to work with a tremendous number of writers, contributors and partners throughout the world – all of whom provide insights into the cloud business community. This information is provided to our Newsletter subscribers on a weekly basis - free of charge.

Subscribe to recieve our weekly collection of Best of Thought leadership, Technology news, Tweaks, Curated resource links, Excluisve promotions and our popular Comic series.

JOIN US

Something went wrong. Please check your entries and try again.