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
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California software as a service company Provade Inc., which has a product development office in downtown Milwaukee, said Tuesday it raised $3 million in new funding. San Mateo, Calif.-based Provade focuses on vendor management system technology for global work force spend management. The financing round was led by Palo Alto, Calif.-based Asset Management Company. Also participating were Menlo Park, Calif.-based Altos Ventures and Harbor Pacific Capital, also of Palo Alto. With the latest funding, total venture investment in the company now exceeds $23 million. Read more: Provade raises $3M in new funding – The Business Journal of Milwaukee
