Qumu Posts Positive Quarter for New Customer Wins
Enterprise video leader lands 12 new customers, grows footprint in video content management and delivery space
Minneapolis, November 9th, 2017 – Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions, has announced the closing of twelve (12) new enterprise video clients in the third quarter of 2017. These wins mark one of the company’s most positive sales quarters in nearly two years, and represent both emerging and Global 2000 companies located in the United States, Asia-Pacific and EMEA.
“To me, the most satisfying thing about our recent quarter is the variety of industries which have adopted Qumu technology over the last three months,” noted President and CEO of Qumu Vern Hanzlik. “We’re talking about new customers in manufacturing, retail, banking, hospitality, pharmaceuticals, health care and communications—no one else in the industry is covering as much ground as Qumu right now.”
Qumu’s recent wins span a variety of use cases, serviced by on-premise, cloud-based and hybrid solutions. A few of the company’s more notable new customers include food manufacturer Campbell’s, employee-owned grocery chain Hy-Vee, a leading French banking and financial services company, and Japanese pharmaceutical companies Sumitomo Dainippon Pharma and Mitsubishi Tanabe Pharma—a subsidiary of Mitsubishi Chemical Holdings Corporation.
During the third quarter of 2017, Qumu also closed three major deals in the financial industry, including an on-premise implementation with one of the largest commercial banking networks in the southeastern United States. In addition, Qumu signed agreements with both CIT Group (NYSE: CIT), a financial holding company with about $50 billion in assets and a New York-based global investment firm with more than $40 billion in investment capital worldwide.
“2017 has been an exciting year for Qumu so far,” noted Hanzlik. “This last quarter was very good on its own, but in the larger picture represents multiple quarters of execution of Qumu’s sales and product development strategy. We expect our strategy to gain momentum in future quarters, and continue to deliver the kinds of customer wins we experienced in the third quarter.” Those interested in finding out more about Qumu may visit the Qumu website at www.qumu.com.
About Qumu Corporation
Qumu (NASDAQ: QUMU) helps the world’s largest companies realize the value of putting video to work for their digital workforce. Organizations use Qumu software to create, manage and share video—live streaming and on demand—turning video into an always-on resource and connecting thousands of stakeholders across a single enterprise.
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