Virtacore Systems Secures Financing from Silicon Valley Bank

Virtacore Systems, an Ashburn, VA-based provider of hybrid cloud services, has secured a “multi-million” dollar financing arrangement from Silicon Valley Bank, the commercial banking division of SVB Financial Group (NASDAQ: SIVB).

The company intends to use the funds for working capital and equipment purchases.

Led by CEO George Naspo, and CFO Robert Kalchthaler, Virtacore provides the middle market with public and private cloud solutions through its VMware-based unified platform. It offers migration of data to/from public, managed private and internal private clouds as well as Google Apps services and support for businesses and organizations.

The company, a wholly owned subsidiary of IKANO Communications, Inc., has offices in Los Angeles, Salt Lake City, and Seattle.



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