# PHD Virtual Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phd-virtual-technologies

- Industry: Software
- Headquarters: Philadelphia, US
- Website: www.phdvirtual.com
- Total disclosed funding: $2M
- Latest round: Series C (Mar 7, 2013)
- Investors on record: 2

## About

PHD Virtual Technologies specializes in innovative data protection and virtualization solutions, enhancing IT infrastructure for businesses through efficient backup and recovery software.Founded in 2005 in Philadelphia, US, PHD Virtual Technologies develops data protection solutions for IT environments. The company raised USD 2.000 mn in its latest funding round, Series C, with investments from Citrix Systems, Inc. and Insight Partners. Since its inception, it has completed a total of 5 deals, with the most recent deal occurring on December 16, 2013, when it was acquired by Unitrends.PHD Virtual Technologies offers advanced backup and recovery software designed to streamline data management and enhance operational efficiency. Their solutions focus on critical areas such as data loss prevention and disaster recovery. The company serves a variety of clients, ranging from small to mid-sized enterprises to large organizations in sectors like healthcare, finance, and education. Its products are marketed across North America, Europe, and parts of Asia, catering to a global clientele.PHD Virtual generates revenue through a subscription-based model, allowing clients to access their software solutions with ongoing support and updates. This B2B structure facilitates regular income streams, with clients selecting from various pricing plans based on their data protection needs. Collaborations with IT service providers and resellers further enhance their market presence and revenue capabilities.PHD Virtual Technologies aims to expand its product offerings with innovative solutions designed to meet evolving client demands. The company is also focusing on entering new markets in Asia by the end of 2014, leveraging recent funding to support this expansion. The acquisition by Unitrends in December 2013 is expected to bolster its capabilities and market penetration.

## Funding rounds

- Series C, Mar 7, 2013, $2M — Insight Partners, Citrix Systems, Inc.

## Investors

- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- Citrix Systems, Inc. — Series C