Qumu Appoints Rose Bentley as the Company’s New President and Chief Executive Officer
April 18 2022 - 9:47AM
Business Wire
Qumu Corporation (Nasdaq: QUMU), a leading provider of
cloud-based enterprise video technology, has appointed current
Chief Operating Officer Rose Bentley as its new 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 the
Qumu Board of Directors will become effective concurrently with her
appointment as CEO.
“On behalf of the board of directors, I would like to thank TJ
for his contributions in transforming Qumu into a leading
cloud-first company. We wish TJ all the best in his future
pursuits,” said Chair of the Board Neil E. Cox. “With the Qumu
organization unified around a common vision for its transformation,
it’s the right time to hand over the reins to Rose, a proven and
capable operator with sector expertise, clear business vision and
the ability to bring people together. The board is confident that
Rose, together with the rest of the Qumu leadership team, will
ensure strong execution of our strategy to scale our cloud
offerings and deliver SaaS revenue growth.”
Kennedy commented: “When I joined Qumu in 2020, my primary
objective was to transform the business into a subscription-driven
growth company and to position us for greater success in the
enterprise video space. As of today, I can proudly say that we’ve
met that objective. Having worked closely with Rose for most of my
tenure on the execution of this transformation, I am confident she
is the ideal leader for Qumu’s next chapter. Rose has done an
excellent job executing on Qumu’s go-to-market strategy focused on
partnering with leading resellers and distributors to extend
enterprise video. I strongly believe Qumu’s best days are ahead,
and I am excited to watch Rose scale the company to its next level
of growth.”
Bentley joined Qumu as COO in March 2021. Since that time, she
has spearheaded Qumu’s partner-led sales motions and customer
success efforts, which were key to securing new logos, deeper
customer relationships, higher retention, and cloud conversions. In
2021, Qumu’s partner-generated revenue grew 25% year-over-year and
accounted for more than 30% of the company’s total revenue in
2021.
Bentley added: “I am excited to lead Qumu at such an important
moment – for both Qumu and the industry. As remote and hybrid work
becomes the norm, the need for an enterprise video platform that
can provide the security, performance, features and ease of
administration has never been greater. The progress we're making
with partners and strategic alliances continues to gain momentum,
demonstrated by the new customer and expansion sales to large
enterprises we secured in the first quarter. As we continue to
transform our business, we remain focused on generating robust SaaS
revenue growth, which will be driven by new customer and expansion
bookings sourced through the channel in 2022. Qumu is executing
against 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 roles at several
SaaS technology companies, with an extensive background of
revitalizing, scaling, and driving business growth. At Teradata,
Bentley led operations and go-to-market strategy for the $1.8
billion revenue analytics company, growing partner sales and
accelerating the shift from perpetual license to subscription-based
revenue of over 90% in the cloud. She also led global sales and
customer success at CloudCherry, which put the customer experience
company in position to be acquired by Cisco Webex. Bentley also
previously led sales and customer success for Satmetrix and
Lyris.
About Qumu Corporation
Qumu (Nasdaq: QUMU) is a leading provider of best-in-class tools
to create, control, deliver, experience and analyze live and
asynchronous video at scale. Backed 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 and
effective ways to communicate and collaborate.
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
in such statements.
Such forward-looking statements include, for example, statements
about: the expected use and adoption of video in the enterprise,
the company’s future revenue and operating performance, future
product mix, the demand for the company’s products or software, or
the success of go-to-market strategies or the other initiatives in
the company’s strategic plan. The risks and uncertainties that
could cause actual results to differ materially from those
expressed or implied in these forward-looking statements include
the risk factors described in the company’s Annual Report on Form
10-K for the 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 in this press release speak only
as of the date of this press release. Except as required by law,
Qumu assumes 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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Matt Glover or Tom Colton Gateway Investor Relations
QUMU@gatewayir.com +1-949-574-3860
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