OpenVZ is operating system server virtualization software technology, built on Linux, which creates multiple isolated, secure virtual environments on a single physical server – enabling greater server utilization and superior availability with fewer performance penalties. The virtual servers ensure that applications do not conflict and can be re-booted independently.
With the power of today's processors, hardware is often under utilized. With virtualization technology, the server can effectively be split into many small ones, each running its tasks so that the whole server is utilized more efficiently.
OpenVZ software can be used to help consolidate servers and increase server utilization rates, or for creating "sandboxes" for test and development, or when sharing resources so that every user can have root access while being kept isolated from each other.
The OpenVZ software comes with user tools that help automate management of virtual servers. With its unique architecture that uses a single operating system instance, the virtual servers perform and execute like independent servers with their own memory, configuration files, users and applications. Each can be re-booted independently. Using template-based application deployment provides a simple way to get new virtual servers up and running in minutes and OpenVZ can run several times more virtual servers per CPU than other virtualization technologies. Also, the OpenVZ project maintains a blog site discussing virtualization technology, which can be accessed here, http://blog.openvz.org.