Intel Provides Funding For Virtualization Company, Signs Technology Pact - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications
News
6/15/2005
12:34 PM
50%
50%

Intel Provides Funding For Virtualization Company, Signs Technology Pact

SWsoft raises $12.4 million and signs a technology and marketing agreement with Intel.

Virtualization software company SWsoft Inc. said Wednesday that it has received about $12.4 million in funding from Intel Capital and venture-capital firms, and has entered into a technology and marketing agreement with Intel.

The funding is the first SWsoft has received from outside sources and will be used to accelerate its global presence in both enterprise and service provider markets, Serquei Beloussov, chairman and chief executive of SWsoft, said in a statement.

"This round of investment represents an important milestone for our company in moving to the next stage," Beloussov said. "The proceeds and relationships will be used for acquisition opportunities, broadening our partnership ecosystems, and attracting additional sales, marketing, and business development talent."

In addition to Intel Capital, SWsoft is receiving funds from Insight Venture Partners and Bessemer Venture Partners.

As part of Intel's investment, the companies have entered into a technology and marketing agreement relating to SWsoft's Virtuozzo server virtualization software. The cooperation will encompass current and future Intel platforms and technologies such Intel's Virtualization Technology, dual-core processors, and 64-bit capabilities, the companies said.

For enterprises, Virtuozzo for Linux and Virtuozzo for Windows create multiple isolated virtual private servers on a single physical server.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
Commentary
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
News
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
Slideshows
Flash Poll