Use of Qumu Cloud Hits Record Levels as Enterprises Continue to Limit Travel, Support Work-at-Home, and Virtualize Events

Leading Enterprise Video Platform Sees Massive Increase in Users, as Internal and External Video Communication Becomes the ‘New Normal’ for Organizations

Minneapolis, July 30, 2020 – Qumu, the leading provider of Enterprise Video as a Service (EVaaS)™ technology for the intelligent enterprise, announced use of its market-leading, cloud-based video technology platform pushed to record levels during Q2 of 2020. The company is reporting that traffic through its cloud platform regularly exceeded 8 million viewers during the quarter, as the impact of COVID-19 on enterprises continued to unfold. This jump represents a 360% increase in platform usage from the end of Q1 of 2020.

Read more

Qumu Announces Second Quarter 2020 Financial Results

Company Affirms 74% Revenue Increase in Second Quarter to Record $9.3 Million; Strong Demand Continues to Expand Sales Pipeline

Minneapolis, MN – July 28, 2020 – Qumu Corporation (Nasdaq: QUMU), the leading provider of best-in-class video technology for the enterprise, today reported financial results for the second quarter ended June 30, 2020.

Read more

Qumu Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Minneapolis, MN – July 24, 2020 – Qumu Corporation (Nasdaq: QUMU), the leading provider of best-in-class video technology for the enterprise, today announced that Qumu has granted a non-qualified stock option award to purchase an aggregate of 457,692 shares of its common stock to TJ Kennedy, Qumu’s new President and Chief Executive Officer. The stock option award was made pursuant to the company's previously-announced offer letter with Mr. Kennedy, and as a material inducement to Mr. Kennedy joining Qumu as President and Chief Executive Officer and a member of the board of directors.
Read more

Qumu Sets Second Quarter 2020 Conference Call for Tuesday, July 28, 2020 at 4:30 p.m. ET

Minneapolis, MN – July 22, 2020 – Qumu Corporation (Nasdaq: QUMU), the leading provider of best-in-class video technology for the enterprise, today announced that it will hold its conference call and webcast on Tuesday, July 28, 2020 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial results for the second quarter ended June 30, 2020. Financial results for the second quarter 2020 will be issued in a press release prior to the call.

Read more

Qumu Appoints Veteran Technology Executive TJ Kennedy as President and CEO

Minneapolis, MNJuly 17, 2020 – Qumu Corporation (Nasdaq: QUMU), the leading provider of best-in-class video technology for the enterprise, today announced that its Board of Directors has appointed technology executive TJ Kennedy as its new President and Chief Executive Officer, effective July 20, 2020. Mr. Kennedy will succeed Vern Hanzlik, who has stepped down as President and Chief Executive Officer and as a director of the Company, effective immediately, to pursue other interests. Mr. Kennedy’s election to the Board of Directors will become effective concurrently with his appointment as Chief Executive Officer.
Read more

Qumu Announces Preliminary Second Quarter 2020 Revenue

Strong Demand Drives Company to Raise Expected 2020 Revenue to $29 million

Conference Call Scheduled for July 28, 2020

Minneapolis, MN – July 15, 2020 – Qumu Corporation (Nasdaq: QUMU), the leading provider of best-in-class video technology for the enterprise, announced preliminary revenue results for its second quarter ended June 30, 2020.
Read more

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.
Read more

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.

Read more

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.

Read more

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.
Read more