Minneapolis, September 10, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, announced the signing of new strategic partnership agreements with AVI Systems, Genesis Integration and Whitlock. These signings will allow Qumu to extend its leadership position in both Unified Communications and Hybrid Cloud, and add to a record year of growth for Qumu’s channel partner network. Following a revamp in mid-2017, Qumu has experienced a 56% increase in channel partners over the last 12 months.
Minneapolis, July 31, 2018 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the second quarter ending June 30, 2018. The Company reported strong growth in both license revenue and sales pipeline, increasing gross margins, paydown of its long-term debt, and reiteration of its 2018 full year revenue guidance.
Minneapolis, July 18, 2018 – Qumu (NASDAQ: QUMU), the leading provider of best-in-class video technology for the enterprise, received approximately $9,678,000 in cash on July 6th of 2018 from the sale of its stake in BriefCam Ltd., a provider of security and intelligence video review software recently acquired by Canon Inc. Today, Qumu announced it will use $6.5 million of the proceeds to pay down its current debt facility with ESW Capital, LLC (through its ESW Holdings, Inc. subsidiary), with no pre-payment penalty. The principal payment will reduce annualized interest expense by approximately $642,000 per year, excluding amortization of debt issuance costs.
Minneapolis, MN – July 11, 2018 – Qumu Corporation (NASDAQ: QUMU) today announced that it will hold its conference call and webcast to review financial results for the second quarter ended June 30, 2018, on Wednesday, August 1, 2018 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on July 31, 2018.
Minneapolis, July 10, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been named by Aragon Research as a Leader in the 2018 Aragon Research Globe for Enterprise Video. This year’s Aragon Research Globe covers 17 enterprise video platform 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.
Minneapolis, 27 June, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has received the 2018 WebRTC Product of the Year Award. Presented by WebRTC World, Internet Telephony Magazine and TMC, the annual award honors five market-leading firms and their exceptional innovation in the area of WebRTC. The four other winners for 2018 are BlueJeans Network, VirtualPBX, Hubgets, and IT Management Corp.
Minneapolis, 9 May, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, announced that iStudy Co. Ltd., Qumu’s sales partner in Japan, has agreed to pay Qumu $1 million in non-refundable Qumu Cloud license fees, with $500,000 due on May 30, 2018 and $500,000 due on September 1, 2018. The agreement further expands the strategic relationship between the companies, guarantees iStudy the services necessary to support its rapidly growing base of Qumu Cloud customers, and injects cash into Qumu’s operations.
Minneapolis, MN – May 1, 2018 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the first quarter ended March 31, 2018.
First quarter revenue was $4.8 million, compared to $6.7 million in the first quarter 2017, and net loss was $(4.5) million, or $(0.48) per diluted share, compared to a net loss of $(3.6) million, or $(0.39) per diluted share, in the first quarter 2017. First quarter adjusted EBITDA (a non-GAAP measure) was negative $(2.9) million, compared to $(1.9) million for the first quarter 2017. The first quarter year over year revenue comparison was negatively impacted by approximately $184,000 due to the adoption of the new revenue recognition standard (ASC Topic 606) as well as the loss of a large customer, representing revenue of approximately $800,000 in the current quarter, which was previously announced as lost in Q4 2017. In January, the Company replaced its existing debt with a $10.0 million credit agreement to strengthen its balance sheet, provide additional cash for operations and provide increased financial and operating flexibility through a covenant package more suitable to its business.
London, 30 April, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, announced a strategic partnership with Compodium, one of EMEA’s leading UC and virtual healthcare providers. As Qumu’s first Diamond Strategic Partner, Compodium will dramatically expand distribution for Qumu’s enterprise video platform in EMEA—particularly in the Nordic, Benelux, DACH, UK, Middle East and African regions.
Minneapolis, April 10, 2018 - Qumu, the leading provider of best-in-class video technology for the enterprise, has been named by Frost & Sullivan as the 2018 Competitive Strategy, Innovation and Leadership Award winner in the Global Enterprise Video Platforms space. As part of the award process, Qumu will be honored at Frost & Sullivan’s annual black tie Awards Gala in July of 2018, along with award recipients from a variety of other technology segments.