Burlington-based VMTurbo, which makes technology for cloud and virtualized environments, said today it has closed a third round of funding led by Globespan Capital.
VMTurbo's funding now totals $25 million, with investments also coming from previous investors Bain Capital Ventures and Highland Capital Partners.
Officials said the funding will help the company ramp up its sales and marketing efforts, "and ongoing product innovation."
The company also said today it has appointed Chris Reisig as the vice president of worldwide sales. Reisig was previously the senior vice president of sales and business development at Veracode.
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