Virtual Computer secures $15 Million in series B funding

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Westford: Virtual Computer, a company redefining PC lifecycle management through virtualization, has secured $15 million in series B funding. The round was co-led by series A investors Highland Capital Partners and Flybridge Capital Partners with additional investment coming from strategic investor Citrix Systems. The latest round of financing positions Virtual Computer to accelerate its global sales and marketing efforts and further advance development of the company's NxTop product offering.

"We have been watching Virtual Computer since their company launch in September 2008," said Andy Cohen, senior director, strategic development at Citrix Systems. "We see a synergy between their use of Xen technology for PC lifecycle management and Project Independence, our recently-announced initiative to dramatically change the economics of desktop computing by enabling devices, desktops, applications and people to operate more independently through the power of client-side Xen virtualization. We look forward to working with Virtual Computer in a mutually beneficial capacity and see our investment as the first step in that direction," he added.

NxTop, Virtual Computer's next-generation PC management platform, makes it as easy to manage thousands of PCs as it is to manage one, dramatically reducing PC management costs while improving PC reliability and security. NxTop isolates the PC's critical components - hardware, operating system, applications, and user data - allowing each to be managed independently in a highly-scalable fashion without a persistent network connection.

According to the respondents of the third annual National Venture Capital Association (NVCA) Predictions Survey, 2009 will be met with a slowdown in investing across most sectors. However, most venture capitalists surveyed predict a recovery in 2010, when the IPO market is expected to re-open and those companies and venture firms that weathered the storm will emerge strongly.

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