A method provided in one example embodiment includes a first network device receiving a request comprising a name of a port profile to be subscribed to by a virtual interface (“VIF”). For the first subscribing to the port profile, the first network device notifies a second network device concerning use of the port profile and the second network device applies a network configuration in connection with the notifying. The first network device may receive a removal request identifying a port profile to be unsubscribed from by a VIF. For the last VIF unsubscribing from the identified port profile, the first network device notifies the second network device concerning the unsubscription and the second network device applies a new network configuration in connection with the unsubscription notification. In one embodiment, the second network device comprises a virtualization profile corresponding to the port profile preconfigured thereon for specifying the network configuration.