Synacor and Qumu Announce Mutual Termination of Merger Agreement

BUFFALO, NY, and Minneapolis, MN, JUNE 29, 2020 – Synacor, Inc. (Nasdaq: SYNC), a leading provider of cloud-based Collaboration and Identity Management software and services serving global enterprises, video, internet and communications providers, and governments, and Qumu Corporation (Nasdaq: QUMU) a leading provider of tools to create, manage, secure, distribute and measure the success of live and on-demand video for the enterprise, today announced that the companies have mutually agreed to terminate their proposed all-stock merger agreement, previously announced on February 11, 2020.
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Qumu Wins Second Consecutive Stevie Award for Customer Service Department of the Year

Enterprise video leader once again recognized for superior customer service by American Business Awards®

Minneapolis, May 19th, 2020 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been named the 2020 Silver Stevie® Award winner as Customer Service Department of the Year in North America. This year marks not only the second consecutive Stevie Award for the Qumu Customer Success team, but also its second consecutive nomination for the highly competitive and internationally-recognized honor. Past winners have included Google, Optum Health, Zappos.com, Wyndham Resorts and Aflac, with the Gold Stevie going to Qumu in 2019.

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Qumu Announces First Quarter 2020 Results

Company reports solid first quarter results, provides update on business and market for enterprise video amid COVID-19 pandemic

Conference Call Today, May 5, 2020 at 4:30 p.m. ET

Minneapolis, MN – May 5, 2020 – Qumu Corporation (Nasdaq: QUMU) today reported financial results for the first quarter ended March 31, 2020, reflecting revenue of $6.2 million, net loss of $(2.7) million, and adjusted EBITDA loss, a non-GAAP measure, of $(1.2) million. The Company ended the first quarter 2020 with cash of $8.4 million.

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Qumu Sets First Quarter 2020 Conference Call for Tuesday, May 5, 2020 at 4:30 p.m. ET

Minneapolis, MN – April 21, 2020 – Qumu Corporation (Nasdaq: QUMU) today announced that it will hold its conference call and webcast on Tuesday, May 5, 2020 at 4:30 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2020. Financial results for the first quarter 2020 will be issued in a press release prior to the call.
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Use of Qumu Cloud Spikes as Enterprises Transition to Video Communication in Response to COVID-19 Restrictions

Usage of Leading Video Platform Up More than 30x in Peak Times, as Organizations Rush to Replace In-Person Internal and External Communication with Video

Minneapolis, March 31, 2020 – Qumu, the leading provider of Enterprise Video as a Service (EVaaS)™ technology for the intelligent enterprise, revealed the use of its, cloud-based enterprise video solution is up over 30x from normal levels during peak business hours. This increased usage is a result of the company’s Global 2000 customer base mobilizing to support thousands—and in many cases tens of thousands—of concurrent video users, as they operate under travel restrictions and mandatory work-at-home policies.

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Qumu Converts Scheduled Customer Summits to Virtual Events

US and EMEA Summits Originally Planned for May of 2020 Will Be Delivered Via Qumu’s Cloud-Based Enterprise Video Platform

Minneapolis, March 24, 2020 – Qumu, the leading provider of Enterprise Video as a Service (EVaaS)™ technology for the intelligent enterprise, announced today that it will be converting its upcoming Customer Summits for both US and EMEA customers into virtual events, due to guidance and travel restrictions related to the Coronavirus (COVID-19). The company also announced it will be delivering both events on their previously scheduled May of 2020 dates, using its own cloud-based video collaboration platform.

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Qumu Announces Fourth Quarter and Year-End 2019 Results

Full year results reflect improved revenue, gross margin, adjusted EBITDA and cash position over 2018, as well as no debt, in advance of Synacor merger

Conference Call Today, March 4, 2020 at 4:30 p.m. ET

Minneapolis, MN – March 4, 2020 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the fourth quarter and year ended December 31, 2019. The Company reported fourth quarter 2019 revenue of $6.2 million, net loss of $(1.7) million, and adjusted EBITDA loss, a non-GAAP measure, of $(1.2) million. The Company reported full year 2019 revenue of $25.4 million, net loss of $(6.4) million, and adjusted EBITDA loss, a non-GAAP measure, of $(2.9) million. The Company ended the fourth quarter 2019 with cash of $10.6 million.

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Qumu Named a Contender in 2020 Aragon Research Globe for Web and Video Conferencing for Second Straight Year

Enterprise Video as a Service™ platform expands reach of video conferencing, enables large-scale crisis communication, and helps organizations minimize business travel

Minneapolis, March 3, 2020 – Qumu, the leading provider of Enterprise Video as a Service (EVaaS)™ technology for the intelligent enterprise, has once again been named by Aragon Research as a Contender in the 2020 Aragon Research Globe for Web and Video Conferencing. The Aragon Research Globe covers 19 web and video conferencing vendors, and places each into one of four segments—Leader, Contender, Innovator or Specialist—based on dimensions of analysis which include performance, global reach and strategy-related criteria. Other companies covered in this year’s Research Globe include Zoom, Cisco, Google and Microsoft.
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Synacor and Qumu Agree to Merger, Creating Global Leader in SaaS-Based Collaboration Software

All-Stock Transaction to Enhance Financial Scale; Estimated $70 Million of Software Revenue with $50 Million Recurring

Provides Strategic Opportunities to Accelerate Revenue Growth, Increase Operating Efficiencies and Open New Sales Channels

BUFFALO, NY, and Minneapolis, MN, February 11, 2020 – Synacor, Inc. (Nasdaq: SYNC), a cloud-based software and services company serving global video, internet and communications providers, device manufacturers, governments and enterprises, and Qumu Corporation (Nasdaq: QUMU) a leading provider of tools to create, manage, secure, distribute and measure the success of live and on-demand video for the enterprise, today announced plans to combine in an all-stock transaction.
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Qumu Announces Preliminary Full Year 2019 Financial Results

2019 Conference Call Scheduled for March 4, 2020

Minneapolis, MN – February 11, 2020 – Qumu Corporation (NASDAQ: QUMU), the leading provider of best-in-class video technology for the enterprise, announced preliminary financial results for its full year ended December 31, 2019. The preliminary financial results for 2019 are subject to the Company’s management and its independent auditors’ customary audit procedures.
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