A virtualized system including a processing sub-system including a plurality of partitions and operating systems and a virtualization layer, each partition running its own operating system and having assigned its own partition ID, and an I/O emulation entity connected to the processing sub-system through a bus and connected to a network to which is connected at least one computer that hosts at least one remote I/O peripheral, the I/O emulation entity being adapted to execute an I/O-emulation transaction for any of the operating systems in accordance with that operating system's partition-ID.