Virtual Instruments and Load DynamiX have entered into a definitive agreement under which the companies will merge.
To accelerate joint innovation in the multi-billion-dollar IT infrastructure market, HighBar Partners will lead a new $20 million investment round into the combined company. Additional investors in the new company include Azure Capital Partners, Kinetic Ventures and Benhamou Global Ventures, the investment fund founded by Eric Benhamou, former CEO of 3Com.
Under the terms of the deal, the combined entity will retain the name Virtual Instruments and will be led by Philippe Vincent, the current President and CEO of Load DynamiX. The combination will enable Virtual Instruments to offer new and existing customers the only comprehensive end-to-end infrastructure performance analytics product portfolio, capable of delivering actionable infrastructure performance insights across physical, virtual and cloud environments.
Together, Virtual Instruments and Load DynamiX will help customers proactively address the IT imperative to achieve lower cost structures and higher levels of performance within increasingly complex and disparate IT environments.
“The merger of these two companies is employee and customer driven,” said John Thompson, CEO of Virtual Instruments. “The synergies across combined product portfolios are extremely positive and should deliver real value to our combined customer base.”
Virtual Instruments and Load DynamiX customers have continually asked for tighter integration between the two companies’ products, and the merger responds to that demand. Virtual Instruments’ VirtualWisdom platform analyzes the performance of the production infrastructure for IT operations, while Load DynamiX delivers the storage workload acquisition, analysis and modeling capabilities IT engineering and architecture teams need.
The new executive management team includes CEO Philippe Vincent, Chief Financial Officer Kevin O’Donnell, Senior Vice President of Sales Warren Bell, Chief Marketing Officer Len Rosenthal, Chief Technology Officer John Gentry, Senior Vice President of Products Tim Van Ash, and Senior Vice President of Services Bo Barker.
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