SAP has invested in cloud solutions provider Virtustream.
The enterprise software major invested in Virtustream as part of a $40 million Series D investment round.
Virtustream will use the proceeds to fund additional capacity for IaaS growth, and accelerate the development of its xStream cloud management software for both the enterprise and its global service provider network.
SAP is both a strategic partner and a customer of Virtustream.
Virtustream’s cloud software and Infrastructure-as-a-Service (IaaS) offerings were architected with a focus on the requirements necessary to run complex mission-critical enterprise applications such as SAP.
Powered by Virtustream µVM (micro-VM) technology, xStream delivers security and compliance, multi-tenant efficiency, application performance SLAs and consumption based charging for production and web-scale applications.
The Virtustream platform is certified to deploy the full line of business applications from SAP, including customer relationship management, enterprise resource planning, product lifecycle, supply chain and corporate services.
“Virtustream has been very successful innovating a technology platform uniquely equipped for running mission critical enterprise applications, such as ours, with the simplicity of the cloud,” said Bjoern Goerke, EVP and Corporate Officer, SAP HANA Enterprise Cloud at SAP.