Should I implement Jira on a virtual machine?

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Virtual machine management
Virtual Machines
This is more of a basic question but has anyone experienced success or failure running Jira on a VM?

My server is almost to capacity and I'm trying to set up a new source control / defect tracking server. A few of my tech related friends suggested a VM (which would free me from hardware problems and give me high availability).

Is there a reason why I shouldn't implement Jira on a VM?

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