After raising its first round of investments in May, Leostream started its market repositioning by dropping its P2V migration tool P > V Direct.
The reconstruction didn’t stop there as the company has just hired Jack Hembrough as EVP of Sales and Marketing:
Hembrough comes to Leostream from Application Security, Inc. of New York City, a venture-financed 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, Inc., a venture-financed IT security software company. And as the fourteenth employee at Raptor systems, Hembrough was part of a highly successful initial public offering, 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.
It’s very likely that Leostream will futher proceed in the process hiring other executives and relaunching the corporate image.