3Leaf Secured $35 Million in Series C Financing

3Leaf Systems, a provider of virtualization solutions for enterprise data centers, 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.

According to Jeff Richardson, executive vice president, Networking and Storage Products Group, LSI Corporation, "We are pleased to lead the Series C round as 3Leaf Systems continues to bring their product portfolio to the market. As a leader in providing 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. The 3Leaf V-8000 Virtual I/O Server has been named a Best of VMworld award winner at VMworld 2007 for its innovation, value, performance, reliability and ease of use. "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. "We are very excited to have LSI Corporation lead this round and also be a strategic partner to help bring next generation virtualization solutions to our customers. This additional financing by LSI and our existing investors validates 3Leaf’s vision in delivering flexible server virtualization solutions designed for enterprise data centers, addressing the dynamic business requirements of markets such as cloud computing, e-commerce and Global 2000 enterprises."