Qumu Announces Departure of Chief Financial Officer

Minneapolis, October 24, 2017Qumu (NASDAQ: QUMU), a leader in enterprise video, announced that CFO Peter Goepfrich will be leaving the company to join a private equity portfolio company, effective November 6, 2017. The Company expects to identify a candidate to act as interim CFO in the short term. The Company will also engage a search firm to recruit a successor Chief Financial Officer.

Vern Hanzlik, President and CEO of Qumu, said, “Peter did a phenomenal job during his two and a half years here and will be missed by all of us at Qumu and on the Board,” said Hanzlik. “He guided the Company’s transition to a position of solid expense management and reporting compliance while actively helping Qumu invest in our vision. In the process, he built an excellent finance team, which will continue to execute on our ongoing cost savings and growth plans. We wish Peter all the best in his new opportunity.”

Parties seeking more information on this transition are encouraged to contact Vern Hanzlik directly, using the information attached to this release.

About Qumu Corporation

Qumu (NASDAQ: QUMU) is the leading provider of a best-in-class platform to create, manage, secure, distribute and measure the success of live and on demand video for the intelligent enterprise. Backed by the most trusted and experienced team in the industry, the Qumu platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge.

Investor Contact

Vern Hanzlik
President and CEO
Qumu Corporation
vern.hanzlik@qumu.com
650-396-8531