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CloudSwitch adds John McEleney as chief executive; secures further VC funding

CloudSwitch has added John McEleney as its chief executive officer and president and completed a second round of financing from venture capitalist firms.

CloudSwitch has added John McEleney as its chief executive officer and president and completed a second round of financing from venture capitalist firms.

Led by Commonwealth Capital Ventures, the USD8m series B round includes initial investors Matrix Partners and Atlas Venture and brings the company’s total funding to more than USD15m.

CloudSwitch is developing a software appliance that aims to enable enterprises to reduce cost and improve responsiveness to the business.

McEleney joins the company from SolidWorks, a wholly-owned subsidiary of Dassault Systems, where he served as chief executive officer from 2001 to 2007, and as a director since 2000.

"Cloud computing is a major platform shift and the CloudSwitch approach is unique in addressing the needs of enterprise applications and environments," says McEleney. "I’m excited to join this world-class team. The level of interest we’re seeing from prospects, partners and investors is a reflection of the strength of our value proposition and the exponential growth of the cloud market."

"We are thrilled to add John’s talent and leadership to the CloudSwitch team," says David Skok, Matrix Partners, and a member of the SolidWorks board of directors since 1994. "John has a proven track record in building early-stage technology companies into market leaders with impressive financial results. He created a vibrant customer-focused culture at SolidWorks that propelled the company to success, and we look forward to working with him and the team to build CloudSwitch into an equally dominant force in the enterprise cloud market."

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