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

Qumu Fourth Quarter 2013 Earnings Call Scheduled for February 24, 2014

MINNEAPOLIS, MN - October 9, 2013 – Qumu Corporation (Nasdaq: QUMU) today announced that it will hold its conference call and webcast to review operating results for the fourth quarter and full year ended December 31, 2013, on Monday, February 24, 2014 at 4:30 p.m. Eastern Time. The dial-in number for the conference call is 866-225-8754 for domestic participants and 480-629-9819 for international participants. The earnings announcement will be issued after the market close that day.Read more