3Leaf Systems secures $35 Million in series C financing
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Santa Clara: 3Leaf Systems, a provider of virtualization solutions for enterprise data centers, has announced that it has secured new financing from a suite of blue-chip investors led by LSI Corporation with follow on investments by Alloy Ventures, Enterprise Partners Venture Capital, Intel Capital, and Storm Ventures. 3Leaf Systems will use the new capital to accelerate development of the company's virtualization solutions and to expand sales and marketing activities. Jeff Richardson, executive vice president, Networking and Storage Products Group, LSI Corporation, said, "As a provider of storage and networking building blocks that are essential to enabling today's virtual environments, we look forward to collaborating with 3Leaf on developing the next generation of virtualization solutions for the enterprise." 3Leaf Systems is at the forefront of migrating businesses from traditional data center operations to fully virtualized environments. Using 3Leaf's next generation virtualization products, enterprise data centers can dramatically increase their resource utilization and enhance their operational efficiency, delivering a combined savings of up to 60 percent in both capital and operational expenditures. "Businesses are migrating from traditional data center environments to a fully virtualized environment we define as the Virtual Compute Environment," said B.V. Jagadeesh, CEO, 3Leaf Systems.