Hyperformix Received Cash Injection

Hyperformix announced today that it has received a new round of cash injection at a sum of $3.8 Million from venture capital partners LTI, M/C Venture and Morgan Stanley Venture Partners. Hyperformix currently partners with HP, VMware and IBM is hoping this new round of funding will see them increase their current market share in the virtualization management market.

Already a leader in IT capacity planning and performance software; Hyperformix sees virtualization management as a key are for growth. According to Gartner they see a potential growth in virtualization of over $8 billion by 2013. At the moment virtualization planning is a very competitive market at the moment. Since the beginning of this year we have had 4 for more software releases form the likes of Vizioncore and CiRBA specific to virtualization planning.

“M/C Venture Partners is extremely pleased to participate in this round, which takes place as Hyperformix is gaining commercial traction and continuing to make significant technology strides with its leading-edge capacity solutions,” said Matt Rubins, General Partner, M/C Venture Partners. “We see virtualization as a fundamental technology shift that will facilitate large-scale deployment of data services across every organization. Hyperformix is well positioned to lead the market with its advanced technology and the strong interest it is seeing from some of the world’s largest corporations.”

Source: business wire