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YouSendIt's Renee Budig Awarded Venture-Backed Company CFO of the YearBudig Named a Silicon Valley / San Jose Business Journal CFO of the Year 2011 Winner (December 08, 2011)
CAMPBELL, CA -- (Marketwire) -- 12/08/11 -- YouSendIt Inc., a leader in business content collaboration services, today announced that Chief Financial Officer Renee Budig has been named a CFO of the Year winner by the Silicon Valley / San Jose Business Journal, acknowledging her role in YouSendIt's record revenue growth in 2011. In an award that received more candidates than ever before, Budig was named the venture-backed company CFO of the Year winner by her peers and previous award winners.
"Renee brought in proven financial and human resources practices, made returns on investment visible and measureable up and down the management chains, and recruited top talent to help prepare the company for the next stage," said Ivan Koon, CEO, YouSendIt. "She will continue to be the trusted executive that our investors, bankers and financial analysts seek advise from."
Budig joined the YouSendIt team in May 2010 and has since overseen record revenue and customer growth in Q3 2011. The company has surpassed 23.5 million registered users, which represents a 65 percent gain over the third quarter of 2010, led by an increased adoption rate among enterprises. Prior to joining YouSendIt, Budig was vice president of finance at Netflix, where she successfully raised $200 million in public debt offering in addition to rebuilding the company's finance team.
"I joined YouSendIt at an exciting time in the company's development, and it's an honor to be recognized as a leading CFO by my peers," said Budig. "We continue to focus on building the financial stability of the company, and with one million customers joining YouSendIt every month; we're on a trajectory of continued record growth. I look forward to what lies ahead."
Budig, along with other top finance executives in Silicon Valley, was honored at a November 17 awards show held at the Computer History Museum in San Jose. Judging the awards this year were Drew Starbird, dean of the Leavey School of Business at Santa Clara University, and a group of past award winners: Nimble Storage CFO Anup Singh, Tesla Motors CFO Deepak Ahuja, EMQ FamiliesFirst CFO Ellen Ammerman and The Health Trust CFO Ira Holtzman.
YouSendIt, Inc. is the first business content collaboration service to offer an integrated approach for sending, sharing and signing documents online. With more than 23.5 million registered users in 193 countries, YouSendIt helps enterprises and business professionals streamline collaboration by enabling them to instantly sync and access content in the cloud and easily send files, share folders, and sign documents from anywhere -- the desktop, Web or mobile devices. YouSendIt offers a suite of productivity tools that integrate seamlessly into common desktop and mobile environments. With YouSendIt, companies can alleviate the burden placed on e-mail systems by offloading attachments, improving performance and productivity, and reducing costs and IT security risks. Headquartered in Campbell, Calif., YouSendIt is a privately held company backed by venture capital firms Adams Street Partners, Alloy Ventures, Emergence Capital, Sevin Rosen and Sigma Partners. Visit www.yousendit.com or the YouSendIt Blog for more information.
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