Networked storage is being deployed in conjunction with server virtualization by a growing number of organizations interested in consolidation, reduced costs, and improved flexibility and availability of mission-critical applications including databases and e-mail. ESG research indicates that IT managers looking to reap the benefits of server and storage consolidation are concerned about performance. This ESG Lab report presents the results of a mixed workload performance benchmark test designed to assess the real-world performance capabilities of an IBM Storwize V7000 storage system and IBM x3850 X5 servers in a VMware-enabled virtual server environment.