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Leostream Puts Jack Hembrough In Charge Of Sales and Marketing

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Leostream, the young hosted desktop connection broker that recently announced it had raised $3 million in Series A funding, today announced it has appointed Jack Hembrough to the position of Executive Vice President of Sales and Marketing. Hembrough has spent over 20 years in the hardware and software business, creating successful start-ups and running profitable businesses.

Hembrough comes to Leostream from Application Security, a venture-backed software security company, where he served from its inception as President, CEO, and later as Chairman of the Board, growing the company to over $20 million in annual sales.
Prior to joining Application Security, Hembrough was Senior Vice President, Worldwide Sales for Authentica, and as the fourteenth employee at Raptor systems, Hembrough was part of a highly successful IPO, subsequently leading Raptor’s expansion as Vice President and General Manager of the European operation, based in Amsterdam.
Additionally, he has held senior executive positions in sales and management at Information Resource Engineering (now SafeNet), and Motorola Corporation.
[Source: MarketWatch]

Leostream Picks Up Series A Funding To The Tune Of $3 Million

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Waltham, Mass.-based hosted desktop connection broker Leostream, has raised $3 million in Series A funding led by Meakem Becker Venture Capital, reports Private Equity Hub, citing a regulatory filing.

Leostream

CEO Mike Palin said the company plans to release details on the financing in coming weeks. Palin is the former CFO of Sitara Networks Inc., a Waltham, MA-based quality-of-service software developer.

Leostream was founded in 2002 by David Crosbie, who is now listed as the company’s CTO. He had previously founded Adero and Bluesocket, a wireless networking firm in Burlington. In 2001, COLT Telecom Group acquired Adero for an undisclosed amount.

Over the years, Leostream has evolved from basic virtualization management to Connection Brokering for both physical and virtual machines. The company boasts a high number of quality partnerships with companies like HP, Intel, Citrix and Microsoft, among others.