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Pano Logic Raises Follow-Up Financing To The Tune Of $6 Million

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Pano Logic today announced it has closed an extension to its Series B round of $6 million led by Foundation Capital and Goldman Sachs. This funding brings the total Series B financing to $18 million, and completes a year of expansion for Pano Logic, which experienced quarter-over-quarter growth and has received extensive industry recognition since bringing its first product to market in late 2007.

Over the course of 2008, Pano Logic has significantly increased its install base and signed more than 150 partners including one of the leading distributors, Avnet. Additionally, the Pano Virtual Desktop Solution received a SearchServerVirtualization.com Product of the Year award, the red dot 2008, and Good Design 2008 product design awards. Pano Logic was also named a finalist for the 2008 Red Herring North America 100 Awards, which recognizes startups that will lead the next wave of disruption and innovation.

VMware Debuts Open Source Virtual Desktop Client

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VMware today announced the first open source client for virtual desktop infrastructure, VMware View Open Client.

VMware View enables IT organizations to safely host user desktops in the datacenter, while letting users access their personalized desktop environments from almost any device, at any time – all at a lower cost of ownership than traditional desktop environments. Now, VMware is providing VMware View Open Client for partners, enabling them to use VMware View source code to optimize their products to deliver rich, personalized virtual desktops to users. In addition, partners will be able to use the source code to help accelerate the development and delivery of solutions for enterprises to provision and manage thousands of virtual desktops simply, securely and at substantially lower operating costs.

This announcement is another important step in VMware’s vClient Initiative to deliver universal clients – desktops that follow users to any end point while providing a rich personalized experienced that is secure, cost-effective and easy for IT to manage.

VMware View Open Client is available under the GNU Lesser General Public License version 2.1 (LGPL v 2.1) and is accessible from  http://code.google.com/p/vmware-view-open-client/. Some of the features included in this release support secure tunneling using SSL, two factor authentication with RSA SecurID, Novell SUSE Linux Enterprise Thin Client Add-On RPM package and a full command line interface. Support for the source code distribution is available through the VMware View Open Client community at: http://code.google.com/p/vmware-view-open-client/.

CBTS Buys Virtual Blocks

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CBTS, the technology solutions division of Cincinnati Bell, today announced the acquisition of Toronto-based Virtual Blocks, a division of Commerx Computer Systems.

According to the release, the acquisition will strengthen CBTS’ leading-edge data center solutions for businesses of all sizes and provide a foundation for continued geographic expansion.

The CBTS Virtual Data Center is a utility computing service that allows customers to provision and manage virtual servers in a secure cloud computing environment. Some common uses for the Virtual Data Center include cost-effective virtualized disaster recovery solutions; rapidly deployed test/development environments; on-demand server capacity with utility billing; and managed services including Microsoft Exchange and SharePoint hosting.

Virtual Blocks’ product portfolio includes the Virtual Server Grid (VSG) for service providers and large IT organizations and the Virtual In-a-Box Environment (VIBE) for small to medium-sized business customers. The VSG is installed at CBTS and Bell Canada, and the VIBE is distributed across North America by Arrow and Synnex resellers.

The acquisition of Virtual Blocks closed on Jan. 30, 2009.

Terms of the transaction were not disclosed.

RNA Networks Launches With $7M In Series A Funding

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RNA networks today announced the launch of its company and $7M in Series A funding led by Menlo Ventures.

Memory virtualization transparently enables high-performance computing in the enterprise from commodity hardware. RNA networks’ software improves utilization of existing data center resources, and provides an alternative to data center investments aimed at addressing the limitations of memory availability. By leveraging existing hardware, RNA brings tremendous business benefits to the enterprise including cost savings through consolidation and increased utilization. Equally compelling are the increased top line results of the businesses that utilize memory virtualization. All of this is accomplished with no changes to the IT infrastructure.

RNA networks also announced a U.S.-based, global multi-billion dollar hedge fund as a first customer of its RNAmessenger product. RNAmessenger is targeted at high-volume, low latency messaging or any business critical environment that demands superior transaction processing. Algorithmic trading, content delivery and on-line gaming are arenas that gain immediate benefit.

VMware: Fourth Quarter Disappointing But Still Better Than Expected

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VMware today announced financial results for the fourth quarter and full year 2008.

  • Revenues for the fourth quarter were $515 million, an increase of 25% from the fourth quarter of 2007.
  • GAAP operating income for the fourth quarter was $102 million, an increase of 34% from the fourth quarter of 2007. Non-GAAP operating income for the fourth quarter was $135 million, an increase of 25% from the fourth quarter of 2007.
  • GAAP net income for the fourth quarter was $111 million, or $0.29 per diluted share, compared to $78 million, or $0.19 per diluted share, for the fourth quarter of 2007. Non-GAAP net income for the quarter was $142 million, or $0.36 per diluted share, compared to $103 million, or $0.26 per diluted share, for the fourth quarter of 2007.
  • Revenues for the full year 2008 were $1.9 billion, an increase of 42% from 2007.
  • GAAP operating income for the full fiscal year 2008 was $313 million, an increase of 33% from 2007. Non-GAAP operating income for the year 2008 was $469 million, an increase of 39% from 2007.
  • GAAP net income for the full fiscal year 2008 was $290 million, or $0.73 per diluted share, compared to $218 million, or $0.61 per diluted share, for 2007. Non-GAAP net income for the year 2008 was $416 million, or $1.05 per diluted share, compared to $295 million, or $0.82 per diluted share, for 2007.
  • Cash was more than $1.8 billion and deferred revenue was $870 million as of December 31, 2008. Since the beginning of 2008, cash increased 50% and deferred revenue increased 57%.

U.S. revenues for 2008 grew 37% to $988 million from 2007. International revenues grew 48% to $893 million from 2007.

License revenues for 2008 grew 30% to $1.2 billion from 2007. Services revenues grew 67% to $703 million from 2007.

(Release)

For analysis, read Tech Trader Daily and Between The Lines.

Citrix Systems And Intel Partner For Development Of Xen Client Hypervisor Technology

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Citrix Systems and Intel are working on developing technology to make desktop-as-a-service computing possible. The two companies said yesterday that they are collaborating to jointly deliver a hypervisor that will sit on end-user devices which will allow customers to have access to their virtual desktop PCs from any device without the need to boot up the device.

Under an agreement with Intel, Citrix plans to produce a new class of virtualization solutions that optimize the delivery of applications and desktops to millions of Intel Core2 and Centrino 2 processor-based devices, considerably reducing the cost of desktop management.

The new Xen-based client hypervisor resulting from the collaboration between Citrix and Intel will be optimized for bare metal virtualization and suited for delivery as an embedded, small footprint component of an enterprise laptop or desktop PC, and can also be installed on existing client systems that already have an operating system installed.

More perspective on the collaboration can be found on eWeek.