Newsroom | Qumu Enterprise Video

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.

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.

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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Qumu Named a Leader in 2019 Aragon Research Globe for Enterprise Video

Analyst firm places Qumu in Leader section due to completeness of strategy and performance

Minneapolis, November 19, 2019 – Qumu, the leading provider of best-in-class video technology for the enterprise, has once again been named by Aragon Research as a Leader in the Aragon Research Globe for Enterprise Video. This year’s Aragon Research Globe evaluates 15 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.

Qumu Closes Public Offering of Common Stock Repays Term Debt in Full

Minneapolis, MN – November 13, 2019 – Qumu Corporation (NASDAQ: QUMU), the leading provider of best-in-class video technology for the enterprise, announced that on November 12, 2019 it closed on its previously announced underwritten public offering of 3,652,000 shares of its common stock. Craig-Hallum Capital Group acted as the sole managing underwriter for the offering. The net proceeds to Qumu from the offering were approximately $8.2 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the company.
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Qumu Announces Pricing of Public Offering of Common Stock

Minneapolis, MN – November 7, 2019 – Qumu Corporation (NASDAQ: QUMU) a leading provider of best-in-class video technology for the enterprise, announced today the pricing of its previously announced underwritten registered public offering of 3,175,652 shares of its common stock at a price to the public of $2.50 per share, for gross proceeds of approximately $7.9 million. In addition, Qumu granted the underwriter a 30-day option to purchase up to 476,348 additional shares of common stock to cover over-allotments, if any. The offering is expected to close on or about November 12, 2019, subject to the satisfaction of customary closing conditions.

Qumu Announces Proposed Public Offering of Common Stock

Minneapolis, MN – November 6, 2019 – Qumu Corporation (NASDAQ: QUMU) a leading provider of best-in-class video technology for the enterprise, announced today that it intends to offer and sell shares of its common stock in an underwritten registered public offering. In addition, Qumu intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering to cover over-allotments, if any. All shares of common stock to be sold in the proposed offering will be sold by Qumu. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Qumu Appoints Technology Veteran Edward Horowitz and Financial Executive Mary E. Chowning to Board of Directors

Minneapolis, MN – October 31, 2019 – Qumu Corporation (NASDAQ: QUMU) has appointed Edward Horowitz and Mary E. Chowning to its board of directors, effective immediately. With these additions, Qumu’s board is now comprised of seven directors, including the Company’s Chief Executive Officer and six independent directors.
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