CloudShare Welcomes Guri Stark as CEO

Industry Veteran Joins Silicon Valley Cloud Computing Pioneer to Steer Next Phase of Growth

SAN MATEO, Calif. – February 23, 2011 CloudShare today named Guri Stark as president and CEO. Building on the cloud computing start-up’s rapid growth and adoption, Stark brings more than 30 years of experience in high tech with specific expertise in cloud, web, mobile and desktop technologies. In conjunction with today’s announcement, Zvi Guterman, co-founder of CloudShare, was named chief strategy officer.

CloudShare has an edge in a high-growth market, demonstrating the power of the cloud for business applications,” said Randy Ditzler, partner with Sequoia Capital and a CloudShare board member. “Stark has a proven track record and the deep industry experience required to accelerate the company’s leadership role, navigate the expansion of its global footprint and capitalize on its organic user growth.”

Most recently a vice president and general manager with Autodesk, Inc., Stark developed and delivered over $1B of business in Autodesk’s core product line – the AutoCAD family of products. He has also served in executive leadership, marketing, sales and operations roles for Synopsys, Syntricity, ENCAD and Spectragraphics Corporation, among other market leaders.

“I recognize the transformative potential of cloud computing on business applications. CloudShare’s technology and the team behind it have proved to be innovative leaders that can significantly reduce the complexity of harnessing the cloud and provide immediate value to business users,” explained Guri Stark of his decision to join as CEO. “My career has focused on business growth, and I’m committed to making an impact on how cloud computing can benefit businesses, while accelerating CloudShare’s growth in the market.” Stark will also join CloudShare’s Board of Directors.

New Appointment a Response to CloudShare’s Fast Growth and Expansion

CloudShare has revolutionized the way individuals, small teams and enterprises build, manage and share business applications in the cloud. CloudShare’s early momentum is represented by a 150 percent increase in customers year over year, and today there are 25,000 CloudShare users around the world, including enterprises and ISVs, that have standardized on the award-winning platform for development, testing, migration, demos, proofs of concept, training and other preproduction work in the cloud. CloudShare customers include 25 percent of the top 20 software vendors, and the company has recently expanded into the corporate enterprise market, where it has seen strong adoption by Microsoft SharePoint® developers and consultants, IT professionals and line-of-business managers.

Zvi Guterman co-founded CloudShare as CEO and will continue to serve as chief strategy officer and a member of the Board of Directors. “The growth we’ve experienced in the last year and a half has exceeded our expectations – we were able to attract funding and thousands of new users, with significant adoption among the Fortune 500. Cloud computing has taken center stage as a disruptive enterprise technology and I welcome Guri’s vision, skill and passion as we take CloudShare into new markets and help deliver on the cloud’s promise.”

CloudShare has been named a cloud computing company to watch by both Computerworld and Cloud Computing Journal, a top 25 coolest emerging vendor by CRN and an AlwaysOn Global 250 and AlwaysOn OnDemand 100 winner. CloudShare is a privately held company, funded by leading venture capital firms including Sequoia Capital, Gemini Capital and Charles River Ventures (CRV).

About CloudShare
CloudShare makes it easy to build, manage and share any business application instantly and on-demand, in the cloud. Used by individual business and IT professionals, small teams and enterprises, CloudShare offers complete and easy cloud solutions for development and testing, migration, training, demos and proofs of concept. Backed by Sequoia Capital, Charles River Ventures and Gemini, customers include Cisco, SAP, HP, Dell, McAfee and Adobe. CloudShare is online at www.cloudshare.com and on Twitter @CloudShare.

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