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Wellington Financial Provides $2 Million Growth Capital to PHD Virtual Technologies Inc.



    Wellington Financial Provides $2 Million Growth Capital to PHD Virtual
                              Technologies Inc.

PR Newswire

PHILADELPHIA and TORONTO, March 7, 2013

PHILADELPHIA and TORONTO, March 7, 2013 /PRNewswire/ - Wellington Financial
LP, a privately-held specialty finance firm, today announced a US$2 million
venture debt financing for Philadelphia-based PHD Virtual Technologies Inc.
PHD Virtual provides virtualization backup and monitoring software for
physical, virtual and cloud environments.

"With more than 5,000 customers worldwide  and its rapid growth over the  last 
three years, PHD Virtual has demonstrated it is a leader in the virtual backup
and monitoring  solutions  space,"  said Mark  Usher,  Partner  of  Wellington 
Financial. "PHD has all  of the makings  of a world class  company and we  are 
very  excited  to  add  them  to  our  portfolio  of  high  growth  innovation 
companies."

James Legg, President and CEO of PHD Virtual said, "Partnering with Wellington
Financial allows us  to continue to  invest in our  growing business and  take 
advantage of the opportunities we see in this growing and exciting market.  We 
look forward to working with them."

PHD Virtual is backed by leading venture capital firms, including Insight
Venture Partners and has attracted a strategic investment from Citrix Systems
(CTXS-Q).

About Wellington Financial LP

Wellington Financial LP is a  privately-held specialty finance firm  providing 
term, venture and amortizing loans up to $30 million. Wellington Financial  LP 
is currently  managing  a $600  million  investment program  with  offices  in 
Toronto, Canada,  and Santa  Monica, California.  Wellington Financial  LP  is 
managed by a  partnership controlled  by fund management  and Clairvest  Group 
Inc. (CVG:TSX), who jointly  have contributed a large  financial stake to  the 
Fund. LPs include several of Canada's largest institutional investors, pension
funds, family offices and crown corporations. Please visit the fund website at
www.wellingtonfund.com,   or   the   Wellington   Financial   team   blog   at 
www.wellingtonfund.com/blog.

About PHD Virtual Technologies

PHD Virtual provides the absolute best value  in virtual backup and monitoring
for VMware and Citrix platforms. More  than 5,000 customers worldwide rely  on 
our products because they are effective, easier to use and far more affordable
than competitive  alternatives. Delivering  the highest  performance and  most 
scalable cross  platform backup  and monitoring  solutions on  the market  and 
pioneer of Virtual Backup Appliances (VBAs), PHD Virtual Technologies has been
transforming data protection for virtual  IT environments since 2006. Its  PHD 
Virtual Monitor  provides  a  complete,  end-to-end  solution  for  monitoring 
virtual,  physical  and  application  infrastructures  in  VMware  and  Citrix 
environments.  For more information, please visit: http://www.phdvirtual.com/

SOURCE Wellington Financial LP

Contact:

Lyndsey Fisk-Calhoun
Wellington Financial LP
Tel: (416) 682-6007
lfisk-calhoun@wellingtonfund.com
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