UPDATED 13:10 EDT / JUNE 03 2011

Citrix Founder Secures $8.5 for Upcoming “Content Virtualization” Platform

Boca-Raton, Fla.-based startup VirtualWorks Group, led by Citrix Systems founder Ed Iacobucci, announced that it has raised $8.5 million in a first round of funding from Florida’s New World Angels. Skyway Capital Partners LLC served as financial advisor to VirtualWorks.

The capital will be used to help “execute on the company’s vision and strategy,” which involves mainly its upcoming “content virtualization offering,” set to launch this summer.

“VirtualWorks has developed an innovative enterprise information framework, the Virtual Index Architecture™ to contain and reverse the overload of information suffered by organizations of all sizes. The approach works by indexing all types of data and virtualizing the content amassed by companies…”

This means that using VirtualWorks’ platform, employees should be able to all access company data, whether stored on premise or hosted in the cloud. GigaOM reports the company already has a few customers, but VirtualWorks’ cloud partner base will eventually determine its success. Establishing Partnerships with Google, Amazon, Microsoft and all the other cloud vendors, making business with customers will be an absolute requirement for the actual cloud aspect of the Virtual Index Architecture to work.

When its offering will launch, it will have to compete with a number of companies, including Xeround.

Alongside VirtualWorks’ round of funding, Citrix also had a few updates lately. That includes a major upgrade to its Citrix HDX virtualized desktop graphics technology, which now features more efficient multitasking, enhanced voice and video communications and support for high latency connections, among other things.

Another prominent tech entrepreneur who has a very notable new venture is Flip founder Jonathan Kaplan. Cisco, which acquired Flip quite some time ago, shut down its video recording device business, and now Kaplan is opening his own restaurant chain. The Melt, as he named it, will be serving grilled cheese sandwiches with a side of techie soup.


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