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This article has been updated as of Aug. 27, 2009, at 12:40 p.m.
New Jersey-based Neocleus Ltd. has moved its headquarters to Cambridge and hired a new CEO.
Neocleus has appointed Les Yetton president and CEO, replacing co-founder Ariel Gorfung, who started the company after he was CEO at U.K.-based mobile middleware maker Intuwave Ltd. Yetton formerly served as vice president of sales, marketing and business development at Chelmsford-based Desktone Inc., which makes hosted desktop environments.
Neocleus makes a bare-metal desktop hypervisor, a virtualization platform that runs on the host computer, designed to provide improved security and efficiency for desktop virtualization. Founded in 2006, the company will maintain its former headquarters location in the New York area. Most of its employees are in a third office, located in Israel.
Neocleus investor Sunil Dhaliwal, a partner at Waltham-based Battery Ventures, said the company now has just a few employees in the U.S. The decision to locate in Cambridge was largely based on Yetton’s roots in the area, but the new headquarters will become the startup’s center of gravity, he said.
“What’s now a single-digit employee office we certainly expect to be 20 or 30 employees within the next two to three years,” Dhaliwal said.
Previously to Desktone, Yetton worked at Boston-based desktop virtualization software maker Softricity Inc. from 2000 until the company’s acquisition by Microsoft Corp. (Nasdaq: MSFT) in 2006, after which he went to work as a business development director for the Redmond, Wash., software giant. Prior to Softricity, Yetton was president of Swedish telecom Axis Communications Inc.
Founding CEO Gorfung has left the company, moving on voluntarily, Dhaliwal said. “He actually put his hand up and said to the board it’s probably about time for us to get somebody who’s a professional, now that we get into the go-to-market phase.” He did not provide details of Gorfung’s plans.
The company has received at least $11.4 million in funding from Battery and Israel-based Gemini Israel Funds, according to published reports.
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