Desktone Appoints Peter McKay as President and Chief Executive Officer

08/26/10
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25+ Year Technology Industry Veteran to Lead Cloud-based Virtual Desktops Pioneer to Next Stage of Growth

August 26, 2010 – Chelmsford, MA – Desktone, Inc., provider of the first platform that enables hosted virtual desktops as a service, today announced that Peter McKay has joined the company as President and Chief Executive Officer.

McKay, who is now a member of Desktone's board, has more than 25 years of experience in building enterprise software companies, including executive positions with Watchfire, IBM, eCredit, Computer Associates, and Parametric Technologies. The appointment follows Desktone's recent closing of a series B round of funding, which is being used to extend the company's sales and marketing initiatives. Harry Ruda, Desktone's previous CEO, will become chairman of the Board of Directors and will work alongside McKay to ensure a smooth transition.

"It is clear that cloud computing and desktop virtualization are going through significant growth and change. Customers are desperate to find solutions that can offer the flexibility they require for today's distributed workforce in a cost-effective manner. Desktone's solution is highly differentiated, enabling desktops across multiple clouds and providing true portable desktops, and I'm encouraged by both the strong market interest and increasing pace of customer adoption," said Peter McKay, President and CEO of Desktone. "I'm looking forward to helping Desktone build on its momentum in desktops as a service by extending the capabilities we provide to enterprises and partners, and strengthening our go-to-market strategies."

"Peter has a great track record of navigating software companies through emerging markets and accelerating their growth," said Harry Ruda, Chairman, Desktone. "Under his leadership, Desktone will be able to maximize opportunities in the U.S. and internationally, and enhance the short and longer-term value that we deliver to service providers and enterprise customers."

McKay's expertise in growing software companies comes from experience with both venture and IT organizations. Prior to joining Desktone, he was an executive at North Bridge Venture Partners and Insight Ventures. He also advised many venture and private equity-backed firms, including Spotfire, Application Security Inc., and Lagan Software.

As President and CEO of Watchfire, McKay grew revenues from $3 million to $50 million, while securing leading marketshare and directing the company's acquisition by IBM, where McKay continued on as VP of IBM Rational Software Group. Prior to Watchfire, McKay was President and CEO of eCredit, increasing annualized revenue from $3 million to $25 million via a global direct and indirect channel strategy, before it was sold to Internet Capital Group. He came to eCredit having held senior executive positions at Parametric Technologies as well as Computer Associates, where he was Senior Vice President of Worldwide Indirect Sales responsible for over $500 million in revenue and a team of 350 people. McKay holds a BA in Accounting and Finance from Northeastern University.

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