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QLayer ?Datacenter-As-A-Service? Raises ?7m

Belgian based QLayer has closed a 7M round with Munich based Wellington Partners, and San Francisco based Partech International and Big Bang Ventures. QLayer provides a datacenter-as-a-service solution by combining server, networking and storage infrastructure virtualisation software on commodity hardware for commercial data centres. QLayer plans to use the proceeds of this round to build a presence in Europe and the US. The company was founded in 2005 by a group of data centre veterans, and raised 1.4M in May 2006. The company is located in Lochristi in Belgium, and has a team of 10 developers in Cairo, Egypt. Wellington Partners is a pan European venture capital firm with 500M under management. Partech has $850 under active management and offices in the US, Europe and Israel. Big Bang Ventures invests in early stage companies in the information and communication sector. Formed in 2000 it has more than 40M under management.