Qumu Reports Fourth Quarter and Full Year 2020 Financial Results

2020 Revenue Up 15% to $29.1 Million and Subscription ARR Up 29% to $11.6 Million; Management Reaffirms 20%+ Revenue Growth Target for 2021

MINNEAPOLIS, March 4, 2021 – Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, today reported financial results for the fourth quarter and full year ended December 31, 2020.

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Qumu Hires Chief Revenue Officer to Drive Global Revenue Growth

MINNEAPOLIS, March 4, 2021 – Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, today announced that Lauren Goldstein has joined the Qumu leadership team as Chief Revenue Officer. Goldstein will lead Qumu’s global sales organization as Qumu ramps up growth to help companies meet the need for video-based collaboration and engagement with employees, customers and partners.

Goldstein has 25 years of experience driving growth for some of the world’s most respected and innovative companies, including Adobe, Airbnb, Alteryx, American Express, GE, Google, HP, IBM, JP Morgan Chase, LinkedIn, Microsoft, Salesforce and Tableau. She was most recently Chief Revenue Officer at ANNUITAS, a growth marketing firm that helps clients drive digital demand transformation. She also brings two decades of experience scaling partner sales channels with enterprise-class technology organizations like Adobe and Oracle.
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Qumu Adds Seasoned Silicon Valley Marketing Executive to Leadership Team

Jennifer Pockell Dimas Brings SaaS Growth Expertise to Accelerate Customer Momentum

MINNEAPOLIS, Feb. 11, 2021 – Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, today announced that Jennifer Pockell Dimas has joined the Qumu leadership team as Chief Marketing Officer. Dimas will lead the marketing function at a crucial time as Qumu makes strategic investments in its market-facing functions to accelerate momentum in the booming video marketplace.

“As a growth CMO with 20-plus years driving B2B technology marketing performance, Jen brings exactly the talent and experience Qumu needs to execute our aggressive growth plan,” said TJ Kennedy, president and CEO of Qumu. “In addition to her deep SaaS experience and stellar reputation as an energetic, dynamic leader, Jen is an expert in creating data-driven marketing programs centered on the customer. She’s building a high-performance team that will partner with sales and customer success to drive Qumu’s go-to-market growth.”

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Qumu Closes Public Offering of Common Stock

Minneapolis, MN – February 04, 2021 – Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, has closed its previously announced underwritten public offering of common stock, effective January 29, 2021.

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Qumu Named a Leader in 2021 Aragon Research Globe for Enterprise Video for the Sixth Time

Evaluation Based on Completeness of Strategy and Performance

Minneapolis, January 21, 2021 – Qumu, the leading provider of best-in-class video technology for the enterprise, was named for the 6th time as a Leader in the Aragon Research Globe for Enterprise Video. The 2021 Aragon Research Globe evaluates 15 enterprise video platform vendors, placing each into one of four segments—Leader, Contender, Innovator or Specialist—based on performance, customer references, global reach and strategy.

“In a year that challenged all organizations, Qumu’s placement as a leader by Aragon Research, once again, makes me particularly proud of the Qumu team and our role in helping our customers sustain their operations and their corporate cultures,” said TJ Kennedy, CEO of Qumu. “Given the accelerated, global shift to remote work, we believe that this year’s placement in the leader segment underscores that Qumu’s expanded offering for all enterprises—large, medium and small—is spot on.”

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Qumu Secures $10 Million Revolving Credit Facility, Providing Additional Financial Flexibility to Execute SaaS Growth Strategy

Minneapolis, MN – January 19, 2021 – Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, has closed a $10 million revolving credit facility with Wells Fargo Bank, NA.  The revolving credit facility availability is determined by recurring revenue, and has a maturity date of January 15, 2023.

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Qumu Leverages “Work from Wherever, Forever” Policy to Attract Key Management Talent

Strengthened and Diversified Executive Team Makes Pervasive Use of Qumu’s Cloud Video Platform for Rich Employee Interactions

Minneapolis, January 14, 2021 — Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based Enterprise Video technology for organizations of all sizes, announced that its “Work from Wherever, Forever” transformation is enabling the company to execute aggressive people growth plans, which are aligned with current and future business objectives. Qumu is making strategic investments in sales, marketing, customer success and development talent, including recruiting several new executives to start 2021.
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Enterprise Video Leader Qumu Announces Worldwide Office Virtualization

New ‘Work from Wherever, Forever’ Policy Virtualizes All Roles, Will Eliminate Dedicated Office Space in Minneapolis, London and Hyderabad

Minneapolis, December 8, 2020—Qumu, a leading provider of cloud-based Enterprise Video technology for organizations of all sizes, has just announced a ‘Work from Wherever, Forever’ policy for all employees, beginning December 8, 2020. Three of Qumu’s worldwide office locations will be officially closed, with employees in all offices continuing to work remotely as they have been since March of 2020.

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Qumu Reports Third Consecutive Quarter of Record Cloud Video Usage as Global Workplace Continues to Virtualize

Viewer Traffic Through Qumu Cloud Surges Another 42%, Regularly Exceeding 10 Million Monthly Viewers During Q3 of 2020

Minneapolis, November 5, 2020—Qumu, the leading provider of secure, cloud-based video streaming and management technology to organizations of all sizes, announced use of its market-leading cloud-based video platform pushed to record levels again during Q3 of 2020. The company reported that traffic through its cloud platform regularly exceeded 10 million monthly viewers during Q3 of 2020, as organizations across the globe continue to rethink the future of physical office space due to COVID-19. This jump represents a more than 400% increase in platform usage from the beginning of 2020, and a 42% increase in platform usage over the previous quarter.

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Qumu Redefines Self-Service Streaming with High Value, Low Cost Offerings for Small and Medium-Sized Organizations

Leading Provider of Enterprise Video Technology Unveils Full Suite of New Subscription Options, in Response to Rapidly Increasing Demand for Streaming in the SMB Space

Minneapolis, October 27, 2020—Qumu, the leading provider of cloud-based Enterprise Video technology for the enterprise, has unveiled four cost-effective streaming options for small and medium-sized organizations. The company’s new subscription options range from a free video on demand package to a full, live streaming package—offering 5,000 viewing hours per month, 5,000 total storage hours and full online and phone support. All subscriptions support both internal and external video delivery, and are available immediately via Qumu’s new Plans and Pricing page.

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