Infusionsoft Welcomes Brent Stumme as Chief Financial Officer
(Chandler, AZ - June 4, 2013) - Infusionsoft, creator of the all-in-one sales and marketing software for small businesses, today announced the addition of Brent Stumme to its executive team. Stumme will serve as the company's chief financial officer, bringing strategic financial leadership to the growing market leader. He will oversee corporate finance, accounting, investor relations and real estate functions, and will report to Infusionsoft CEO and co-founder, Clate Mask. Stumme has more than two decades of experience leading public companies and was named Bay Area CFO of the Year by the San Francisco Business Times.
"Brent's track record as a successful public company CFO and his passion to help small businesses succeed makes him the perfect leader to step into this important role on our executive team,” said Mask. "I couldn't be more excited to welcome Brent, a technology veteran who can scale a fast-growing software company like Infusionsoft."
Stumme previously served as CFO of LoopNet, the leading online commercial real estate service. He helped lead their successful IPO in 2006 and the sale of the company in 2012 for close to a billion dollars. Prior to that, he spent time as the vice president corporate controller for CalMat, where he directed the accounting, finance and information systems functions for the $550 million NYSE public company. Stumme also oversaw the accounting processes for the international operations of the Disney Consumer Products Division, and had managed financial planning and accounting functions for a division of Coca-Cola Enterprises with revenues in excess of $1 billion. He obtained his Master's degree from the University of Southern California's Marshall School of Business.
“It's an honor to join the executive team at Infusionsoft,” said Stumme. “I believe Infusionsoft will dominate the category of sales and marketing software for small businesses - which is a huge market opportunity. I was attracted to the company because of the caliber of its leaders and their focused mission. My goal is to partner with the Infusionsoft team to build an enduring company that helps small businesses succeed. We are well positioned for massive growth in the coming years, and I'm eager to be an instrumental part of spurring that forward.”
Infusionsoft recently received $54 million in a Series C funding round led by Goldman Sachs and projects that it will reach 1,000 employees and 100,000 customers by 2016.