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QUMU Corporation Accessibility Statement
Qumu Corporation and its group of companies (“Qumu”) is committed to providing an accessible website experience for all of our U.S. customers and consumers, regardless of disability.

Reasonable Accommodations
Individuals who need a reasonable accommodation to access information and materials on Qumu’s website should send an email to Legal@qumu.com or call us at 612-638-9100 to provide information about the nature of the requested accommodation.  Requesters should include contact information such as an email address or telephone number at which they can be reached.  Depending on the nature of the request, Qumu may need sufficient advance notice to provide a reasonable accommodation.

Technical Assistance
In the event that a user with a disability experiences accessibility issues with our website or other digital platform, please contact us by sending an email to Legal@qumu.com or calling us at 612-638-9100 In your communication to us, please specify the nature of the accessibility difficulty, including the web address that may have presented an accessibility challenge.

Feedback
We are always working to ensure that our services are accessible to all customers and consumers, including individuals with disabilities.  If you have an idea or question about accessibility support services at Qumu, please contact us by email at Legal@qumu.com or by phone at 612-638-9100.

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Newsroom

Qumu Closes $10 Million Credit Agreement

Credit agreement replaces existing credit facility, defers covenant measurements for 12 months and provides additional cash for operations

Minneapolis, January 16, 2018 – Qumu (NASDAQ: QUMU), today announced that it closed a $10 million credit agreement with ESW Capital, LLC (through its ESW Holdings, Inc. subsidiary) on January 12, 2018. The new agreement replaces the Company’s existing $8.0 million term loan credit agreement with Hale Capital Partners, LP, the outstanding balance of which was paid with proceeds from the new term loan.

The credit agreement provides a $10 million term loan drawn at close, with principal due on January 10, 2020 and PIK interest set at prime plus 4.0% compounding monthly. In connection with the credit agreement, the Company issued a 10-year warrant to purchase 925,000 shares of the Company’s common stock at an exercise price of $1.96 per share. The Company intends to use the funds remaining after repayment of the prior term loan to fund general corporate purposes.

“This credit agreement strengthens our balance sheet with a facility that has a lower interest rate and an extended maturity date. Additionally, the deferral of covenants for the first twelve months enables senior management to stay focused on executing our business plan,” said Vern Hanzlik, president and CEO of Qumu.

The foregoing description of the credit agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, which is included as Exhibit 10.1 to the Form 8-K to be filed by the Company.

About Qumu Corporation

Qumu (NASDAQ: QUMU) is the leading provider of a best-in-class platform to create, manage, secure, distribute and measure the success of live and on demand video for the intelligent enterprise. Backed by the most trusted and experienced team in the industry, the Qumu platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge.

Qumu Investor Contact
Dave Ristow
Chief Financial Officer
Qumu Corporation
Dave.Ristow@qumu.com
+1.612.638.9045

About ESW Capital, LLC

Based in Austin, Texas, Enterprise Software (ESW) Capital has honed a finely-tuned methodology focused on investing in, strengthening, and growing mature business software companies. ESW and its affiliated companies have been in the enterprise software space since 1988, and the group includes notable brands such as Aurea, Trilogy, Versata, and Ignite Technologies. For more information, visit www.eswcapital.com. 

ESW Media Contact
Neeraj Gupta
Head of Corporate Development/M&A
ESW Capital
neeraj@eswcapital.com
+1.512.589.2202

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