Qumu Software Reports Record Revenue Quarter

MINNEAPOLIS, MN - July 30, 2014 -- Qumu Corporation (NASDAQ:QUMU) today reported software revenue of $8.4 million for the second quarter ended June 30, 2014. The revenue set a quarterly record for the Company’s software product line, was up 74% as compared to the second quarter of 2013, and up 114% over the first quarter of 2014. Software contracted commitments for the quarter were up 117% over the second quarter of last year to $7.4 million and the software contracted commitment backlog ended the quarter at $26.0 million.Read more

Qumu Second Quarter 2014 Earnings Call Scheduled for July 30, 2014

MINNEAPOLIS, MN - July 28, 2014 – Qumu Corporation (Nasdaq: QUMU) today announced that it will hold its conference call and webcast to review operating results for the second quarter ended June 30, 2014, on Wednesday, July 30, 2014 at 4:30 p.m. Eastern Time. The dial-in number for the conference call is 888-430-8709 for domestic participants and 719-457-2645 for international participants. The earnings announcement will be issued after the market close that day.Read more

Qumu Corporation Closes Sale of Disc Publishing Assets

Minneapolis, MN – Qumu Corporation (NASDAQ: QUMU), a leader in enterprise video platforms, today announced the closing of its previously announced all-cash sale of the Rimage disc publishing assets to Redwood Acquisition, Inc., a wholly-owned subsidiary of Equus Holdings, Inc. Redwood Acquisition is now known as Rimage Corporation. The completion of this transaction enables Qumu to focus effort and resources exclusively on the Company’s high growth enterprise video content management software business, which has been recognized as a leader by several industry analysts including Gartner® and Forrester®.Read more

Qumu to Present at the B. Riley & Company 15th Annual Investor Conference

Minneapolis, MN – May 13, 2014 – Qumu Corporation (NASDAQ: QUMU) today announced that it will participate in the B. Riley & Company 15th Annual Investor Conference at the Loews Hotel in Santa Monica, CA.  Sherman Black, President and Chief Executive Officer, and Jim Stewart, Chief Financial Officer, will present the Company’s business strategy and current corporate developments on Wednesday, May 21, 2013 at 9:00 am PT.

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Qumu Software Builds Strong Market Momentum During First Quarter 2014

MINNEAPOLIS, MN - April 28, 2014 – Qumu Corporation (NASDAQ: QUMU) today reported its financial results for the first quarter ended March 31, 2014. Software contracted commitments for the quarter set another new quarterly record and increased 226% from the first quarter of 2013 to $14.2 million for the first quarter of 2014. Software contracted commitment backlog grew 62% from the end of 2013 to $27 million at March 31, 2014, another Company record.Read more

Qumu Corporation Agrees to Sell Its Disc Publishing Assets to Equus Holdings Subsidiary for $23 Million

MINNEAPOLIS, MN - April 24, 2014 – Qumu Corporation (NASDAQ: QUMU) and Equus Holdings, Inc. (www.equus-holdings.com) today announced they have entered into a definitive asset purchase agreement under which Qumu will sell its Rimage disc publishing assets to Redwood Acquisition, Inc., a wholly-owned subsidiary of Equus Holdings in an all cash transaction valued at $23 million, subject to certain adjustments. The transaction resulted from a comprehensive process implemented by Qumu’s Board of Directors to maximize the value of the disc publishing operations for shareholders while enabling Qumu management to focus resources and time exclusively on the Company’s high growth enterprise video content management software business.Read more

Qumu First Quarter 2014 Earnings Call Scheduled for April 28, 2014

MINNEAPOLIS, MN - April 21, 2014 – Qumu Corporation (Nasdaq: QUMU) today announced that it will hold its conference call and webcast to review operating results for the first quarter ended March 31, 2014, on Monday, April 28, 2014 at 4:30 p.m. Eastern Time. The dial-in number for the conference call is 800-762-8779 for domestic participants and 480-629-9645 for international participants. The earnings announcement will be issued after the market close that day.Read more

Qumu Announces Termination of Shareholder Rights Agreement

MINNEAPOLIS, MN - March 10, 2014 – Qumu Corporation (NASDAQ: QUMU), today announced that its rights agreement has been amended to accelerate the expiration date to March 21, 2014, effectively terminating the agreement as of that date. Shareholders are not required to take any action as a result of this expiration.Read more

Qumu Wins $9.5 Million Video-as-a-Service Contract

MINNEAPOLIS, MN - March 6, 2014 – Qumu Corporation (NASDAQ: QUMU), today announced that it has been awarded a $9.5 million contract to deploy its enterprise video content management platform at a large, multinational company. Under the 36 month contract, the customer will utilize Qumu technology through an enterprise-grade hybrid cloud solution to securely deliver video communications to its employees worldwide, enhancing employee engagement and knowledge sharing. The solution will also include Qumu’s VideoNet Edge appliances and software, deployed globally through partners, to complete the rollout of this project. Those additional contracts are expected to add approximately $2.5 million to the project.Read more

Qumu Reports Fourth Quarter 2013 Financial Results

MINNEAPOLIS, MN - February 24, 2014 – Qumu Corporation (NASDAQ: QUMU) today reported its financial results for the fourth quarter ended December 31, 2013. Software contracted commitments for the quarter set a new record and backlog grew 56% from September 30, 2013. Total revenues for the fourth quarter of 2013 were $20.7 million, virtually flat compared with revenues in the fourth quarter of 2012. Disc publishing revenues grew slightly over the prior year period while Qumu software revenues declined slightly compared with the prior year’s fourth quarter. Cash and marketable securities at December 31, 2013 totaled $51.0 million, an increase of $2.6 million from the balance at September 30, 2013, largely reflecting improved working capital management and a $1.9 million tax refund.Read more