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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Qumu Unveils Build and Price Tool to Accelerate Cloud Video Platform Acquisition for Enterprises

New Online Tool Allows Organizations to Quickly Customize a Qumu Cloud Subscription in Two Steps, Receive an Instant Quote

Minneapolis, September 30, 2020—Qumu, the leading provider of cloud-based Enterprise Video technology for organizations of all sizes, has just released the Qumu Cloud Build and Price Tool. Available now on the Qumu website, the tool allows users to quickly customize an annual cloud video subscription based on parameters like storage and bandwidth needs, distribution requirements, authenticated user limits and more. Users of the Qumu Cloud Build and Price Tool receive an instant, itemized online quote in PDF format, as well as a copy of their customized configuration via email.

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Qumu’s Market-Leading Cloud Video Platform Used to Deliver International Fundraising Event

American Foundation for Suicide Prevention (AFSP) Uses Qumu Cloud to Virtualize 2020 Overnight Walk, Exceeds Giving Goal for Largest Annual Fundraiser

Minneapolis, September 28, 2020—Qumu, the leading provider of cloud-based Enterprise Video technology, recently assisted the American Foundation for Suicide Prevention (AFSP) in virtualizing The 2020 Overnight Walk, an annual fundraising event that brings thousands of supporters together in pursuit of a vital mission—saving lives and bringing hope to those affected by suicide. Due to restrictions to the COVID-19 pandemic, the organization leveraged Qumu Cloud to pivot its traditionally in-person event to a comprehensive “Virtual Overnight Experience” in just eight weeks.
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New Qumu App Transforms Zoom Into Large-Scale Broadcasting Platform for Enterprises

Innovative Qumu App Enables Self-Service Streaming of Zoom Events to Audiences of 100,000+, While Adding Comprehensive Video Management and Enterprise-Grade Security

Minneapolis, September 1st, 2020—Qumu, the leading provider of Enterprise Video as a Service (EVaaS)™ technology, has released a new functionality extension for Zoom. Available at no charge as part of all existing Zoom corporate licensing plans, the app allows Qumu and Zoom enterprise clients to stream live events exceeding 100,000 attendees—with no loss of video quality and no negative effect on internal networks. The app is called Qumu Stream, Record and Manage, and is available now in the official Zoom Marketplace.
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Qumu Announces Another Major Feature Release for Video Control Center Customers

Leading Enterprise Video provider adds Qumu Analytics Engine (QAE), Qumu Messaging Service (QMS) and new Zoom App to already feature-rich technology platform

Minneapolis, August 12, 2020—Qumu, the leading provider of best-in-class video technology for the enterprise, has announced the release of Qumu Video Control Center (VCC) Version 10.5, the customer-hosted deployment of Qumu’s intelligent Enterprise Video platform. This release includes a new Qumu Analytics Engine (QAE) which provides comprehensive, real-time and historical usage reporting of both live and on demand video content—via a highly scalable, redundant and ultra-fast search application.
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Qumu Announces Cloud-Based Audio Conferencing Solution for Enterprises

Leading Enterprise Video Platform Now Offers Large-Scale Audio Streaming at Significantly Lower Cost than Traditional Audio Conferencing

Minneapolis, August 04, 2020 – Qumu, the leading provider of Enterprise Video as a Service (EVaaS)™ technology, is now offering its cloud-based video platform to organizations for medium and large-scale audio conference streaming. In addition to cost savings at scale, Qumu Cloud will allow enterprises to leverage engagement and accessibility features like slide sharing, participant polling and audio translation, which traditional audio conferencing systems do not offer.

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