Raindance Communications (NASDAQ:RNDC)
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From Jun 2019 to Jun 2024
Peter Holst named President and Chief Operating Officer Overseeing
all Raindance Sales, Service and Support Offerings
Raindance Communications (Nasdaq: RNDC) today announced plans to
expand and reorganize sales, service and support offerings anticipated
to accelerate revenue growth in the multimedia event market. The new
event management and support services include pre-event planning,
event execution and post-event activities all targeted at delivering a
seamless, end-to-end, event management solution to current and
prospective customers.
"With the recent releases of Raindance Seminar Edition, Raindance
Player, the light version of our software client, as well as the
upcoming addition of webcasting to our product line, Raindance is
ideally positioned to support multimedia events for our customers,"
stated Don Detampel, Raindance's CEO. "This robust product suite
coupled with the service and support initiatives that we are
announcing today will create a unique, full-service solution for
customers who require flawless execution of large, multimedia events."
Frost & Sullivan is projecting the total web conferencing market
to grow from $705 million in 2005 to $3,085 million in 2011,
representing a compound annual growth rate in excess of 27%. Over 50%
of this market growth is expected to come from multimedia events or
seminars.
A key component of Raindance's expanded multimedia event offerings
is the reorganization and expansion of its customer service and
support functions to provide the customer a one-stop, full-service
multimedia event solution. Peter Holst has been promoted to the newly
created position of President and Chief Operating Officer to lead the
restructuring. Holst brings fifteen years of business development and
management experience to the position, as well as six years of
experience working in an executive business development role at
Raindance. "A strong focus on the specialized needs and requirements
of our customers is essential for success in the multimedia event
market," said Holst. "We see a clear customer trend towards
out-sourcing the planning and execution of multimedia events. Our new
services will add incremental value to our current portfolio of
solutions, while allowing our customers the flexibility to pick and
choose event support and management that meets their individual
needs."
Holst will have complete operational responsibility for sales,
engineering, marketing, account management, client services,
professional services and operations under the new organizational
structure. Holst will report directly to Raindance CEO Don Detampel.
As part of this restructuring, Randy Atherton, Raindance's current
Executive Vice President of Sales and Marketing, will be leaving the
Company.
About Raindance Communications
Raindance Communications, Inc. (Nasdaq: RNDC), the leader in
integrated multimedia conferencing services and support, brings an
entirely new level of simplicity and interaction to remote meetings
and events. Its suite of best-in-class services, Raindance Seminar
Edition and Raindance Meeting Edition, redefine the everyday meeting
experience. Thousands of corporate customers currently use Raindance's
technology to more effectively communicate with colleagues, vendors,
customers and partners around the world. For more information, please
visit www.raindance.com or call 800.878.7326.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This release contains forward-looking statements, including
expectations regarding accelerated revenue growth or implications of
growth at web conferencing market rates from organizational changes,
future company and service performance, market acceptance and customer
adoption and increased use of our services. These statements are
subject to risks and uncertainties, which could cause future events to
differ materially. These risks and uncertainties include employee
retention, the failure or interruptions in the software, systems or
network underlying Raindance's services, competition from presently
existing and new competitors, price pressure, and difficulties
adopting new customers and increasing customer usage our services.
Additional information concerning factors that could cause actual
results to differ materially from those contained in the
forward-looking statements can be found in Raindance Communications'
filings with the Securities and Exchange Commission. Copies of filings
made with the SEC are available through the SEC's electronic data
gather analysis and retrieval system (EDGAR) at www.sec.gov. Raindance
Communications assumes no obligation to update the forward-looking
statements included in this document.
Raindance, Raindance Communications, SwitchTower and OpenGo and
our logo are trademarks or registered trademarks of Raindance
Communications, Inc. All other company names and products may be
trademarks of their respective companies.