Bain Capital invests Rs 16 crore in VMLogix

VMLogix, a company which is developing software products for virtual infrastructure management to simplify the software lifecycle, recently announced that it secured Rs 15.75 crore ($3.5 million) Series A funding from Bain Capital Ventures.

VMLogix had earlier secured a seed funding of around Rs 5 crore from Trilogy, a year ago. Having started during 2004, the company is currently at the pre-revenue stage and employs around 10 people.

According to VMLogix, its LabManager product is designed for IT operations, software development and quality assurance teams, commercial ISVs and ITES companies.

The company claimed that LabManager automates tasks in the test environment setup process - provisioning operating systems on servers, installing and configuring multiple software applications, provisioning test tools and executing and monitoring manual and automated test scripts.

"VMLogix's value proposition should be attractive to enterprises seeking to leverage new virtualisation platforms from Microsoft and VMware to simplify and accelerate their software lifecycles," said Ajay Agarwal, managing director at Bain Capital Ventures.

"Funding from Bain Capital allows VMLogix to further its vision of bringing enterprise virtualisation technology to all phases of the software lifecycle," said Gururaj Ravi, CEO, VMLogix.

VMLogix will use this capital to support ongoing product development and its US go-to-market initiative.