Rimage Appoints Peter Shutte as Vice President of Business Development for Qumu

  Rimage Appoints Peter Shutte as Vice President of Business Development for

    Seasoned Executive Brings Significant Experience in Growing Enterprise
                              Software Companies

Business Wire

MINNEAPOLIS -- January 7, 2013

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.”

Mr. Shutte said, “Qumu has many of the elements required for success,
including leading software technology, a blue chip customer base, and
expanding market presence. I look forward to working with the Qumu team to
build on the success of the last several quarters in driving our video
solutions for the enterprise in the US and Europe.”

The Company also announced that it will grant an inducement award to Peter
Shutte in connection with his appointment as Vice President of Business
Development of Qumu. Mr. Shutte will receive an "inducement award" as defined
by NASDAQ Marketplace Rules, consisting of a nonqualified stock option to
purchase 50,000 shares of Rimage’s common stock. The option will be granted on
January 7, 2013 and will have an exercise price equal to the fair market value
of Rimage’s common stock on the date of the grant. The shares will vestin
four equal installments on each of the first four anniversaries of the date of
grant and will have a term of seven years. The inducement award will be
granted outside of the terms of the existing Rimage equity incentive plans,
was approved by the Compensation Committee of Rimage’s Board of Directors, and
was granted pursuant to NASDAQ Listing Rule 5635(c)(4).

About Rimage Corporation

Founded in 1978, Rimage Corporation (NASDAQ: RIMG) helps businesses deliver
digital content directly and securely to their customers, employees, and
partners. Rimage’s Qumu business is well established in the rapidly growing
enterprise video communications market. Rimage’s Signal online publishing
platform automatically pushes secure mobile content to nearly any mobile
device or computer. Qumu and Signal, in combination with Rimage’s CD, DVD and
Blu-ray-Disc™ publishing solutions, enable businesses to securely deliver
their videos, documents, audio files and images in today’s multi-platform,
multi-device world. Rimage supplies thousands of customers in North America,
Europe and Asia with industry-leading solutions that increase engagement,
collaboration and control. Additional information can be found at

Blu-ray Disc™ is a trademark of the Blu-ray Disc Association.


Investor Contacts:
Rimage Corporation
James Stewart, CFO,952-944-8144
EVC Group
Jenifer Kirtland, 415-568-9349
Press spacebar to pause and continue. Press esc to stop.