Rimage Corporation (NASDAQ: RIMG) today announced that Peter Shutte has joined as Vice President of Business Development of Qumu, its enterprise video and digital publishing software business. He will report to Vern Hanzlik, Senior Vice President of Rimage and General Manager of Qumu. Peter Shutte has over 20 years of sales and business development experience with enterprise software and Software as a Service (SaaS) companies. His most recent corporate position was General Manager of Cloud Services and Partnerships at Looxcie, a real-time streaming and recording device maker, where he was responsible for OEM relationships and helping bring Looxcie Live (real-time streaming capability) to market. Prior to that, he served as Vice President of Business Development and then Vice President of Sales at Sajan Inc., a cloud-based provider of global language services and translation management software. He joined Sajan from WebEx, which he joined in 1999 and where he ran the Enterprise Sales group. During his tenure, WebEx established itself as the premier web conferencing solution for the enterprise. Mr. Shutte cofounded Workgroup Technology, an enterprise PDM/PLM software company, in 1992. There he established both a channel and direct revenue model throughout the US and then Europe which helped enable the company’s successful IPO in 1996. Mr. Shutte has been consulting and advising start-up organizations in the San Francisco Bay Area over the past year prior to joining Qumu. “Peter is a tremendous addition to our management team at Qumu,” said Vern Hanzlik, SVP and GM of Qumu. “His enterprise software application and collaboration expertise brings a valuable perspective to our business development and channel strategies. With his experience in growing several software companies and establishing them as leaders in their markets, Peter will be able to step in immediately to expand and build our channel strategy with companies like Microsoft, IBM and Oracle. These relationships will become invaluable, given the continued momentum that Qumu has demonstrated in the last two quarters with top-tier enterprises.”
Shares of Rimage Corporation (Nasdaq:RIMG) were gapping down Monday morning with an open price 14.6% lower than Friday's closing price. The stock closed at $13.18 yesterday and opened today's trading at $11.25.