SAP has made a $40 million Series D investment in enterprise class cloud solutions provider, Virtustream Inc., to accelerate development and delivery of its cloud services.
“This investment underscores our commitment to the enablement and delivery of the finest cloud-based enterprise software and service solutions in the world today,” said Bjoern Goerke, EVP and corporate officer, SAP HANA Enterprise Cloud at SAP AG.
Virtustream and SAP have a long-standing relationship. In 2010, Virtustream was among the first cloud providers certified to deploy business applications from SAP including on-demand infrastructure, hardware, storage, network, software and services.
In May 2013 they were the flagship partner named in SAP’s newly launched HANA Enterprise Cloud, the first petabyte-scale virtual private cloud service for SAP HANA applications.
“Virtustream has been very successful innovating a technology platform uniquely equipped for running mission critical enterprise applications, such as ours, with the simplicity of the cloud,” said Goerke.
The Virtustream platform is certified to deploy the full line of business applications from SAP, including customer relationship management, enterprise resource planning, product lifecycle, supply chain and corporate services.
According to Virtustream, it will use the proceeds to fund additional capacity for IaaS growth, and further accelerate the development of its xStream cloud management software for both the enterprise and its global service provider network.
“This round of funding will accelerate our ability to anticipate the needs of the enterprise, and to develop and deploy market-leading private, public and hybrid cloud solutions to service these complex needs,” said Rodney Rogers, Chairman and CEO of Virtustream.
