Former CFO of Intel Capital joins team to build upon Cirrus’ rapid growth

Cirrus, a provider of cloud-based document management software, has announced the appointment of Bruce Schuman to its board of directors. With nearly 30 years of industry experience in investing and advising venture-backed technology companies, Schuman brings innovative thinking and a successful track record in helping companies grow at scale to deliver shareholder value amidst increased industry demand for Cirrus’ services.

For more than 25 years, Schuman worked with Intel Corporation, most recently serving as vice president and chief financial officer for Intel Capital, where he led a team to drive all M&A activity, venture capital investments and strategic transactions for the company. He also served on the Intel Capital Investment Committee in addition to supervising large finance organizations for numerous lines of business and functions, such as the data center products group, supply chain and corporate strategy. Schuman currently serves as chief financial officer to LendingHome, one of the nation’s largest lenders to real estate investors, overseeing all finance functions, including financial planning and analysis, accounting, and treasury operations.

"What excited me most about Cirrus was its vision and commitment to transform some of the most problematic document workflow issues in the loan process today,” said Schuman. “I believe Cirrus is uniquely positioned to solve these problems, dramatically increasing efficiency for the industry, and giving bankers more time to close customer deals. I am excited to work with this team as they fulfill the industry need for adaptive software to streamline the lending and onboarding processes.”

“We are pleased to welcome Bruce to Cirrus’ board during this exciting time as we establish relationships with strategic investment partners and seek to build a best-in-class organization during this next phase of growth,” said John DeMoss, President. “Bruce’s deep expertise in driving shareholder value and executing strategic growth initiatives will be invaluable to Cirrus as we continue growing our business and pursuing our mission to streamline document collection and collaboration.”

About Cirrus

Cirrus provides a digital client engagement tool that eliminates the “document chaos” associated with the management of commercial and SMB bank account onboarding and lending documentation to deliver a superior customer experience for clients in the banking and financial services industries. Using a cloud-based, API-enabled system, financial institutions easily create electronic checklists, collaborate on documents needed at each stage of the deal, upload sensitive documents quickly and securely, and easily view the status of the deal itself. Thoughtfully designed by bankers for bankers, Cirrus brings a policy-driven document collection structure to its clients and is committed to returning 10 million hours to the banking industry. For more information, visit www.cirrussecure.com.

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