2022-04-18 | NDAQ:QUMU | Press release

Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology, has appointed current COO Rose Bentley as president and chief executive officer, effective April 16. 2022. Bentley succeeds TJ Kennedy, who is leaving the company to pursue an opportunity with a company in the public safety industry. Bentley’s election to Qumu’s Board of Directors will be effective concurrently with his appointment as CEO.

“On behalf of the Board of Directors, I would like to thank TJ for his contribution to transforming Qumu into a leading cloud-focused company. We wish TJ every success in his future endeavours,” said Board Chairman Neil E. Cox. “With Qumu’s organization unified around a common vision for its transformation, now is the right time to hand over to Rose, a proven and capable operator with industry expertise, a clear business vision and the ability to bring together The Board is confident that Rose, along with the rest of Qumu’s leadership team, will ensure strong execution of our strategy to scale our cloud offerings and drive SaaS revenue growth.”

Kennedy commented, “When I joined Qumu in 2020, my primary goal was to transform the company into a subscription-driven growth company and position ourselves for greater success in the enterprise video space. To date, I can proudly say that we have achieved this goal. Having worked closely with Rose for most of my tenure on executing this transformation, I am confident that she is the ideal leader for the next chapter of Qumu. Rose has done a great job executing Qumu’s go-to-market strategy, which is focused on partnering with major resellers and distributors to expand corporate video. I firmly believe that Qumu’s best days are ahead of us, and I’m excited to see Rose take the company to its next level of growth.”

Bentley joined Qumu as COO in March 2021. Since then, she has led Qumu’s partner-led sales moves and customer success efforts, which have been critical in securing new logos, stronger customer relationships insights, better retention and conversions in the cloud. In 2021, revenue generated by Qumu’s partners increased by 25% year-over-year and accounted for more than 30% of the company’s total revenue in 2021.

Bentley added, “I am delighted to lead Qumu at such an important time – both for Qumu and for the industry. As remote and hybrid working become the norm, the need for an enterprise video platform that can deliver security, performance, functionality, and ease of administration has never been greater. The progress we are making with partners and strategic alliances continues to gain momentum, as evidenced by the new customers and large enterprise expansion sales we secured in the first quarter. As we continue to transform our business, we remain focused on delivering robust SaaS revenue growth, which will be driven by new customer bookings and expansion coming from the channel in 2022. Qumu is executing in the face of a tremendous opportunity, and I look forward to working with the team to ensure Qumu reaches its full potential.”

Prior to joining Qumu, Bentley held leadership positions at several SaaS technology companies, with extensive experience revitalizing, scaling and growing businesses. At Teradata, Bentley led operations and go-to-market strategy for the $1.8 billion revenue analytics company, growing partner sales and accelerating the move from perpetual license to revenue per more than 90% subscription in the cloud. She also led global sales and customer success at CloudCherry, which put the customer experience company in a position to be acquired by Cisco Webex. Bentley also led sales and customer success for Satmetrix and Lyris.

About Qumu Corporation

Qumu (Nasdaq: QUMU) is a leading provider of cutting-edge tools for creating, controlling, delivering, experimenting, and analyzing live and asynchronous video at scale. Supported by an experienced team of software and video experts, Qumu’s software enables globally distributed organizations to drive employee, customer and partner engagement, modernizing business by providing more efficient ways and effective in communicating and collaborating.

Forward-looking statements

This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. . Without limiting the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” or “estimate” or comparable terminology are intended to identify forward-looking statements. Forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.

These forward-looking statements include, for example, statements about: the expected use and adoption of video in the business, future revenue and operating performance of the business, future product lineup, demand for company products or software, or the success of go-to-market strategies or other initiatives of the company’s strategic plan. Risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include the risk factors described in the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and other factors set forth in the company’s filings with the Securities and Exchange Commission.

The forward-looking statements contained in this press release speak only as of the date of this press release. Except as required by law, Qumu undertakes no obligation to update or revise these forward-looking statements for any reason, even if new information becomes available in the future, except as required by law. .

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