Qumu Announces Termination of Shareholder Rights Agreement

MINNEAPOLIS, MN - March 10, 2014 – Qumu Corporation (NASDAQ: QUMU), today announced that its rights agreement has been amended to accelerate the expiration date to March 21, 2014, effectively terminating the agreement as of that date. Shareholders are not required to take any action as a result of this expiration.Read more

Qumu Wins $9.5 Million Video-as-a-Service Contract

MINNEAPOLIS, MN - March 6, 2014 – Qumu Corporation (NASDAQ: QUMU), today announced that it has been awarded a $9.5 million contract to deploy its enterprise video content management platform at a large, multinational company. Under the 36 month contract, the customer will utilize Qumu technology through an enterprise-grade hybrid cloud solution to securely deliver video communications to its employees worldwide, enhancing employee engagement and knowledge sharing. The solution will also include Qumu’s VideoNet Edge appliances and software, deployed globally through partners, to complete the rollout of this project. Those additional contracts are expected to add approximately $2.5 million to the project.Read more

Qumu Adds Speech Search to the Qumu Video App for SharePoint 2013

San Bruno, CA - March 4, 2014Qumu (NASDAQ: QUMU), the leading business video platform provider, today announced the inclusion of Speech Search along with several other features to the expanded functionality of the Qumu Video App for Microsoft® SharePoint 2013®. Building on Qumu’s award-winning Video Control Center platform, the Qumu Video App for SharePoint delivers a seamless, integrated enterprise video solution within SharePoint that can scale globally for even the largest enterprises. The enhanced SharePoint 2013 app is available immediately along with the existing Qumu solution for SharePoint 2010.Read more

Qumu Reports Fourth Quarter 2013 Financial Results

MINNEAPOLIS, MN - February 24, 2014 – Qumu Corporation (NASDAQ: QUMU) today reported its financial results for the fourth quarter ended December 31, 2013. Software contracted commitments for the quarter set a new record and backlog grew 56% from September 30, 2013. Total revenues for the fourth quarter of 2013 were $20.7 million, virtually flat compared with revenues in the fourth quarter of 2012. Disc publishing revenues grew slightly over the prior year period while Qumu software revenues declined slightly compared with the prior year’s fourth quarter. Cash and marketable securities at December 31, 2013 totaled $51.0 million, an increase of $2.6 million from the balance at September 30, 2013, largely reflecting improved working capital management and a $1.9 million tax refund.Read more

Qumu Fourth Quarter 2013 Earnings Call Scheduled for February 24, 2014

MINNEAPOLIS, MN - October 9, 2013 – Qumu Corporation (Nasdaq: QUMU) today announced that it will hold its conference call and webcast to review operating results for the fourth quarter and full year ended December 31, 2013, on Monday, February 24, 2014 at 4:30 p.m. Eastern Time. The dial-in number for the conference call is 866-225-8754 for domestic participants and 480-629-9819 for international participants. The earnings announcement will be issued after the market close that day.Read more

Frost & Sullivan Names Qumu the Market Leader in Enterprise Video Webcasting Solutions

San Bruno, CA - January 14, 2014 – Qumu, the leading business video platform provider, announced today that it has been recognized by Frost and Sullivan as the market share leader in the Competitive Landscape for 2014 in their report on Global Enterprise Video Webcasting Solutions released this week.Read more