PHD Virtual Technologies Receives Investment from Citrix

PHD Virtual Technologies, a Philadelphia, PA-based provider of a scalable cross platform backup and recovery solution for virtual machines, has received an investment of undisclosed amount from Citrix Systems, a provider of virtual computing solutions that help companies deliver IT as an on-demand service. 
In conjunction with the investment, Insight Venture Partners provided additional funding. 
As stated by Thomas Charlton, Chairman and CEO of PHD Virtual Technologies, the company will use the financing to accelerate its worldwide expansion.
Its data protection solution, esXpress (watch video), is used today by more than 2,000 enterprises worldwide. 

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