Desktone Appoints Peter McKay as President and CEO

Desktone, provider of a 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.

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, 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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