PHD Virtual Technologies Raises $4M in Funding

PHD Virtual Technologies, a Philadelphia, PA-based developer of virtual machine backup, recovery, and virtualization monitoring solutions, raised $4m in funding. The financing includes $2m in Series C funding led by current investors Insight Venture Partners and Citrix (NASDAQ: CTXS), and a $2m venture debt financing from Wellington Financial. The company intends to use the capital [...]