http://askubuntu.com/questions/564910/kvm-is-not-installed-on-this-machine-dev-kvm-is-missing

Use the below command to check whether the KVM is installed in the machine or not,

kvm-ok 

Output:

INFO: /dev/kvm exists
KVM acceleration can be used

Output like the below means,

INFO: Your CPU does not support KVM extensions
KVM acceleration can NOT be used

In this scenario need to install KVM using the below command,

sudo apt-get install qemu-kvm libvirt-bin ubuntu-vm-builder bridge-utils

Hope this helps.