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It's definitely an ugly day for shareholders of VMware (NYSE: VMW), with the stock down more than 30%. Even so, the company is still growing at a rapid clip because of its virtualization technology, which essentially squeezes more firepower from servers and other tech resources.

In fact, a variety of players are moving into the space. Some of the usual suspects include Microsoft (NASDAQ: MSFT) and Oracle (NASDAQ: ORCL).

But, of course, there are also some scrappy startups, such as Virtual Iron.

The company has announced a $20 million round of venture capital. The investors include: Highland Capital Partners, Matrix Partners, Goldman Sachs (NYSE: GS), Intel Capital (NASDAQ: INTC) and SAP Ventures (NYSE: SAP).

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Virtual Iron takes on VMware originally appeared on BloggingStocks on Tue, 29 Jan 2008 14:30:00 EST. Please see our terms for use of feeds.

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