British Telecom Selects Qumu as Strategic Vendor for Worldwide Enterprise Video Streaming
Multinational telecommunications leader will resell Qumu platform globally, deploy Qumu hybrid cloud as video collaboration services backbone
London, December 05, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been selected by British Telecom (BT) as the company’s strategic vendor for enterprise video streaming. This new partnership will add the Qumu video platform to BT Global Services’ world-class Collaboration and Unified Communications portfolio to create a true, end-to-end enterprise video solution offering for BT clients.
Qumu Named a Leader in 2018 Gartner Magic Quadrant for Enterprise Video Content Management
Leading analyst firm places Qumu in Leaders quadrant based on ability to execute and completeness of vision
Minneapolis, December 3rd, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been named by Gartner as a Leader in the 2018 Magic Quadrant for Enterprise Video Content Management. This year’s Gartner Magic Quadrant covers 13 enterprise video platform vendors, and places them into one of four quadrants—Leaders, Challengers, Visionaries and Niche Players—based on measures which include market, customer and product-related criteria.
Qumu Named a Top Employee Onboarding Solution Provider for 2018
Leading HR tech publication honors Qumu enterprise video platform among 10 most innovative, user focused and value driven onboarding tools for 2018
Qumu, the leading provider of best-in-class video technology for the enterprise, has been named as a Top 10 Employee Onboarding Solution Provider for 2018. Presented by HR Tech Outlook Magazine, the annual award honors companies whose technology solutions have the most impact in making employee onboarding simpler, faster, less expensive and more engaging. Other winners for 2018 include onboarding market leaders Ultimate Software, BambooHR and ClearCompany.
Qumu Announces Third Quarter 2018 Results, Reports Positive Quarterly Net Income and Reiterates Annual Revenue Guidance
Conference Call Wednesday, October 31, 2018 at 10:00 a.m. ET
Minneapolis, October 30, 2018 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the third quarter ending September 30, 2018 and reiterated with confidence its 2018 full year revenue guidance. The Company reported net income of $2.4 million for the quarter, which included a $6.5 million gain on the previously announced sale of its investment in BriefCam, Ltd. and reflected improved operating efficiencies resulting from ongoing cost reduction initiatives. The Company also strengthened its balance sheet by paying down its long-term debt by 60%, or $6.0 million, while increasing its cash during the quarter by $3.3 million.
Qumu Named Among Companies That Matter Most in Online Video for 2018 by Streaming Media
Newly released Streaming Media 50 identifies top vendors in online video based on innovation, video quality and device independence
Minneapolis, October 17th, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, has been named as one of the 50 Companies That Matter Most in Online Video for 2018. Presented by Streaming Media, the award identifies and honors companies doing the most important and innovative work in online video today. Other winners for 2018 include Amazon, Apple, Cisco, Google, Netflix and Vimeo.
Qumu Third Quarter 2018 Conference Call Scheduled for October 31, 2018
Minneapolis, MN – October 10, 2018 – Qumu Corporation (NASDAQ: QUMU) today announced that it will hold its conference call and webcast to review financial results for the third quarter ended September 30, 2018, on Wednesday, October 31, 2018 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on October 30, 2018.
Qumu Announces Release of HTML5 Multicast Browser Extension
New extension allows enterprises to deliver multicast live video behind the firewall with no additional plugins required
Minneapolis, October 2, 2018 – Qumu, the leading provider of best-in-class video technology for the enterprise, announced the release of an HTML5 Multicast Extension for its enterprise solution. The Qumu HTML5 Multicast Extension provides a seamless way to play a multicast live broadcast natively in newer versions of Google Chrome, Internet Explorer, Microsoft Edge, and Firefox without any browser plugins such as Flash or Microsoft Silverlight.
Qumu Adds Strategic Partners to Expand Video Platform Footprint
Company signs partnerships with AVI Systems, Genesis Integration and Whitlock, further reinforcing leadership position in Unified Communications and Hybrid Cloud segments
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.
Qumu Announces Second Quarter 2018 Results, Reports Strong License Revenue Growth
Conference Call Wednesday, August 1, 2018 at 10:00 a.m. ET
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.
Qumu Receives $9.7 Million in Cash from Sale of BriefCam Stock
Company will use funds to pay down 60% of current debt with no pre-payment penalty
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.