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DynamicOps Secures $11 Million in Venture Funding, Expands Executive Team with Technology Industry Veterans

BURLINGTON, Mass. Feb. 28, 2011 DynamicOps $11 million Les Yetton Paul Silver Mark Fernandes

record 2010 IDC $2.6 billion $5.7 billion

Mark Fernandes

Craig Hanson

Rich Krueger

Expanded Executive Team

With the help of its expanded executive team, DynamicOps will use the capital from its B round to fund global sales, marketing and development of its private cloud automation solutions.

Les Yetton

As Chief Marketing Officer, Les is responsible for facilitating DynamicOps growth and market leadership, directing product management, product marketing and marketing communications.  Les has over 25 years of experience leading and building companies in emerging, high-growth markets.  Prior to DynamicOps, Les was CEO of Neocleus, producer of type 1 client-hypervisor technology, which was acquired by Intel under his leadership.  Before Neocleus, he held executive roles at Desktone, which introduced the concept of cloud-hosted virtual desktops, and Softricity, which pioneered application virtualization and was acquired by Microsoft.

Paul Silver

Avanti Europe

Mark Fernandes

Mark joins DynamicOps’ board of directors. He is Managing Director of Sierra Ventures focused on software investments, and has served on the boards of companies including Sourcefire, Opalis Software and Frontbridge Technologies (both acquired by Microsoft), and Net6 (acquired by Citrix).  Earlier in his career, Mark worked in equity research at Robertson Stephens and Merrill Lynch. He began his career in product management at Seagate Technology and Cisco Systems.

About Sierra Ventures

$1.5 billion North America China India

About Next World Capital

San Francisco, CA Brussels, Belgium

About DynamicOps

Burlington, MA.

$6.4 Billion July 30, 2010

SOURCE DynamicOps

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