Qumu Corporation provides tools to create, manage, secure, distribute, and measure live and on-demand video content for the enterprises. It offers software on a license, cloud-hosted software as a service, or term software license basis; and sells third-party hardware appliances, as well as provides maintenance and support, and professional and other services. The company's platform provides video capture services; video content management services, such as creation and editing, analytics, automated workflows, security and access control, and speech search; and extensions and add-ons. It serves the banking, finance and insurance, manufacturing, services and consulting, telecom and technology, and biotech and health care markets, as well as government customers through direct sales and channel partners in North America, Europe, and Asia. The company was formerly known as Rimage Corporation and changed its name to Qumu Corporation in September 2013. Qumu Corporation was founded in 1978 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NASDAQ
Website: qumu.com
Craig-Hallum downgraded Qumu from Buy to Hold and set a new price target of $6.00
Colliers Securities resumed coverage of Qumu with a rating of Hold
Northland Capital initiated coverage of Qumu with a rating of Outperform and set a new price target of $12.00
Northland Securities initiated coverage of Qumu with a rating of Outperform
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MARKHAM, ON, June 12, 2023 /CNW/ - Enghouse Systems Limited (TSX:ENGH) today announced its second quarter unaudited financial results for the period ended April 30, 2023. All the financial information is in Canadian dollars unless otherwise indicated. Financial and operational highlights for the three and six months ended April 30, 2023 compared to the three and six months ended April 30, 2022 are as follows: Revenue achieved was $113.5 and $219.9 million, respectively, compared to revenue of $106.3 and $217.4 million;Results from operating activities was $25.6 and $55.5 million, respectively, compared to $31.1 and $66.8 million;Net income was $12.5 and $29.6 million, respectively, compared
Qumu's Video SaaS Solution For The Enterprise Market Expands Enghouse's Video Offering Enghouse Systems Limited (TSX:ENGH) today announced it has successfully completed its acquisition of Qumu Corporation (NASDAQ:QUMU). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230208005830/en/ Under a December 19, 2022 agreement, a wholly owned subsidiary of Enghouse completed a previously announced tender offer for all the outstanding shares of Qumu for US$ 0.90 per share in cash, resulting in a total equity value of approximately US$18.0 million. Subsequently, the Enghouse subsidiary merged with Qumu, resulting in Qumu becoming a wholly
Qumu's Video SaaS Solution For The Enterprise Market Expands Enghouse's Video Offering MARKHAM, ON and MINNEAPOLIS , Feb. 8, 2023 /PRNewswire/ - Enghouse Systems Limited (TSX:ENGH) today announced it has successfully completed its acquisition of Qumu Corporation (NASDAQ:QUMU). Under a December 19, 2022 agreement, a wholly owned subsidiary of Enghouse completed a previously announced tender offer for all the outstanding shares of Qumu for US$ 0.90 per share in cash, resulting in a total equity value of approximately US$18.0 million. Subsequently, the Enghouse subsidiary merged with Qumu, resulting in Qumu becoming a wholly owned subsidiary of Enghouse. Qumu will now join Enghouse's Interac
MARKHAM, ON, Jan. 6, 2023 /PRNewswire/ - Enghouse Systems Limited (TSX:ENGH) ("Enghouse") today announced that its indirect wholly-owned subsidiary, Cosmos Merger Sub, Inc., has commenced its previously announced tender offer for all outstanding shares of common stock of Qumu Corporation ("Qumu") (NASDAQ:QUMU) at a price of US$0.90 per share in cash, for a total equity value of approximately US$18.0 million. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of December 17, 2022 (the "Merger Agreement"), by and among Enghouse Interactive, Inc., Cosmos Merger Sub, Inc. and Qumu, which Enghouse and Qumu announced on December 19, 2022. The Qumu board of
Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, and Enghouse Systems Ltd. (TSX:ENGH), a leading global provider of enterprise software solutions serving certain enterprise vertical markets, today jointly announced the execution of a merger agreement by which Enghouse will acquire Qumu. Under the terms of the agreement, which has been approved unanimously by the board of directors of both companies, a newly formed wholly-owned subsidiary of Enghouse will commence a tender offer for all outstanding shares of Qumu for US$0.90 per share in cash, for a total equity value of approximately US$18.0 million. The purchase price of US$0.90 per share repr
MARKHAM, ON and MINNEAPOLIS, Dec. 19, 2022 /PRNewswire/ - Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, and Enghouse Systems Ltd. (TSX:ENGH), a leading global provider of enterprise software solutions serving certain enterprise vertical markets, today jointly announced the execution of a merger agreement by which Enghouse will acquire Qumu. Under the terms of the agreement, which has been approved unanimously by the board of directors of both companies, a newly formed wholly-owned subsidiary of Enghouse will commence a tender offer for all outstanding shares of Qumu for US$0.90 per share in cash, for a total equity value of approximately US$18
Bentley Recognized in Chief Executive Officer Category Qumu Corporation (NASDAQ:QUMU), the leading provider of cloud-based enterprise video technology, announced today that Rose Bentley has won the 2022 Aragon Research Women in Technology Award for Chief Executive Officer. Bentley joined Qumu in March 2021 as Chief Operating Officer and was appointed President and Chief Executive Officer in April 2022. The Aragon Research Women in Technology Awards were first bestowed in 2017 and are voted on by Aragon's Women in Technology Committee, which is composed of women executives across different technology companies. The awards recognize the achievements of women who have demonstrated outstandin
Interactivity Extends Uses for Qumu Customers' Video Assets Qumu Corporation (NASDAQ:QUMU), the leading provider of cloud-based enterprise video technology, and hihaho, the leading platform for creating interactive videos, today announced that Qumu customers can now take full advantage of hihaho's unique do-it-yourself capabilities for adding interactive elements to videos housed on the Qumu Video Engagement Platform. The new interactive capabilities are enabled by the Qumu Video Engagement Platform's open application programming interfaces (APIs), which hihaho has leveraged to allow interactive elements to be easily incorporated in on-demand videos. "We know that viewer engagement with o
Suite of Managed Live Streaming and Production Services Eases Reliable Delivery of Broadcast-Quality Streamed Video for Live, Virtual and Hybrid Events Qumu Corporation (NASDAQ:QUMU), the leading provider of cloud-based enterprise video technology, today announced the global availability of Qumu Live, a suite of managed live streaming and production services that enables organizations of all sizes to deliver engaging live-streamed events to internal and external audiences anywhere in the world. With Qumu Live, Qumu experts oversee all aspects of planning, hosting and managing broadcast quality live-streamed video on a platform that is scalable, secure and incorporates the full range of ana
Traction with Partner-Led Sales Strategy Contributes to Continued Growth in Quarterly SaaS Revenue and SaaS Annual Recurring Revenue for Third Quarter 2022 Cost Management Yields 30% Year-Over-Year Operating Expense Reduction Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today reported financial results for the third quarter ended September 30, 2022. Q3 2022 and Recent Operational Highlights Expanded partnership with AT&T to support the branding and launch of AT&T's Qumu-powered enterprise video-as-a service product offering Launched Qumu Video Engagement Platform on Google Cloud Marketplace Renewed several of our marquee customers
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Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today announced the results of its 2022 Annual Meeting of Shareholders held Thursday, June 2, 2022 at 2:00 p.m. Mountain Time with respect to all proposals described in Qumu's notice and proxy statement filed with the Securities and Exchange Commission on May 2, 2022. A total of 13,846,935 shares of Qumu common stock were represented at the Annual Meeting, which is approximately 77.5% of the shares outstanding as of the close of business on the record date of April 25, 2022. At the Annual Meeting, each director nominee was elected to serve as a director of the Company. Further, shareholders appr
LONDON, May 12, 2022 /PRNewswire/ -- Blackbird plc (AIM: BIRD) (OTCQX:BBRDF), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, today announces the appointment of Sumit Rai as Chief Product Officer. Sumit will join the Company in June 2022 from VEGAS Creative Software where he holds the same role. Sumit has over 23 years leadership experience in the video and film industry. Starting off as a visual effects and video editor in news production, children's TV and film, Sumit progressed to Chief Technology Officer at Pukka Films developing an innovative, award-winning production facility before founding Kulu Valley. Providing ente
Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, has appointed current Chief Operating Officer Rose Bentley as its new President and Chief Executive Officer, effective April 16, 2022. Bentley succeeds TJ Kennedy, who is leaving the company to pursue an opportunity with a company in the public safety industry. Bentley's election to the Qumu Board of Directors will become effective concurrently with her appointment as CEO. "On behalf of the board of directors, I would like to thank TJ for his contributions in transforming Qumu into a leading cloud-first company. We wish TJ all the best in his future pursuits," said Chair of the Board Neil E. Cox.
Former Khoros, Meltwater and Salesforce Finance Leader Joins Qumu's Management Team Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, has appointed senior finance executive Tom Krueger as its new chief financial officer (CFO), effective December 6, 2021. Krueger's leadership and experience navigating high-growth technology markets will be instrumental in guiding Qumu as the Company continues its transformation into a SaaS-first (Software-as-a-Service) organization serving globally distributed enterprises. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2021
TEMPE, Ariz., April 23, 2021 (GLOBE NEWSWIRE) -- Wrap Technologies, Inc. (the "Company" or "WRAP") (NASDAQ:WRAP), a global leader in innovative public safety technologies and services, today announced the appointment of four new independent members to its Board of Directors. Jeff Kukowski has extensive operating experience selling products and services to law enforcement. He currently is CEO and a director of Cloudbolt Software, an enterprise cloud management leader. From June 2010 to December 2014, he was Chief Operating Officer of Axon Enterprise, Inc., formerly Taser International.Kimberly Sentovich is a seasoned merchandising, operations, IT, and supply chain executive with 30 years o
MARKHAM, ON, June 12, 2023 /CNW/ - Enghouse Systems Limited (TSX:ENGH) today announced its second quarter unaudited financial results for the period ended April 30, 2023. All the financial information is in Canadian dollars unless otherwise indicated. Financial and operational highlights for the three and six months ended April 30, 2023 compared to the three and six months ended April 30, 2022 are as follows: Revenue achieved was $113.5 and $219.9 million, respectively, compared to revenue of $106.3 and $217.4 million;Results from operating activities was $25.6 and $55.5 million, respectively, compared to $31.1 and $66.8 million;Net income was $12.5 and $29.6 million, respectively, compared
Qumu's Video SaaS Solution For The Enterprise Market Expands Enghouse's Video Offering Enghouse Systems Limited (TSX:ENGH) today announced it has successfully completed its acquisition of Qumu Corporation (NASDAQ:QUMU). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230208005830/en/ Under a December 19, 2022 agreement, a wholly owned subsidiary of Enghouse completed a previously announced tender offer for all the outstanding shares of Qumu for US$ 0.90 per share in cash, resulting in a total equity value of approximately US$18.0 million. Subsequently, the Enghouse subsidiary merged with Qumu, resulting in Qumu becoming a wholly
Qumu's Video SaaS Solution For The Enterprise Market Expands Enghouse's Video Offering MARKHAM, ON and MINNEAPOLIS , Feb. 8, 2023 /PRNewswire/ - Enghouse Systems Limited (TSX:ENGH) today announced it has successfully completed its acquisition of Qumu Corporation (NASDAQ:QUMU). Under a December 19, 2022 agreement, a wholly owned subsidiary of Enghouse completed a previously announced tender offer for all the outstanding shares of Qumu for US$ 0.90 per share in cash, resulting in a total equity value of approximately US$18.0 million. Subsequently, the Enghouse subsidiary merged with Qumu, resulting in Qumu becoming a wholly owned subsidiary of Enghouse. Qumu will now join Enghouse's Interac
Traction with Partner-Led Sales Strategy Contributes to Continued Growth in Quarterly SaaS Revenue and SaaS Annual Recurring Revenue for Third Quarter 2022 Cost Management Yields 30% Year-Over-Year Operating Expense Reduction Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today reported financial results for the third quarter ended September 30, 2022. Q3 2022 and Recent Operational Highlights Expanded partnership with AT&T to support the branding and launch of AT&T's Qumu-powered enterprise video-as-a service product offering Launched Qumu Video Engagement Platform on Google Cloud Marketplace Renewed several of our marquee customers
Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today announced that it will hold its conference call and webcast on Thursday, October 27, 2022 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial results for the third quarter ended September 30, 2022. Financial results for the third quarter will be issued in a press release prior to the call. Qumu executive management will host the conference call, followed by a question and answer period. Date: Thursday, October 27, 2022 Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) Participants will need to register to receive dial-in information to the call, and may do so by
Qumu Reports 10% Increase in Quarterly SaaS Revenue and SaaS Annual Recurring Revenue for Second Quarter 2022 Company Reiterated its SaaS Growth Expectations for 2022 and 2023 Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today reported financial results for the second quarter ended June 30, 2022. Q2 2022 and Recent Operational Highlights Selected by Proprep for video management and distribution of e-learning Content to STEM students worldwide Named a Top Purpose-Built Streaming Platform by Wainhouse Research Won fourth consecutive Stevie® Award in 2022 for Customer Service Q2 2022 Financial Highlights Software as a Service (SaaS
Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today announced that it will hold its conference call and webcast on Wednesday, August 10, 2022 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, 2022. Financial results for the second quarter will be issued in a press release prior to the call. Qumu executive management will host the conference call, followed by a question and answer period. Date: Wednesday, August 10, 2022 Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific time) Conference call registration: https://register.vevent.com/register/BIb213b80569034b4e953e038a9d64a
Continued Execution of Transformational Cloud Growth Strategy Drives 15% Increase in Quarterly SaaS Revenue and 10% Increase in SaaS Annual Recurring Revenue (ARR) SaaS Revenue Accounted for 54% of Total Q1 Revenue Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today reported financial results for the first quarter ended March 31, 2022. Q1 2022 and Recent Operational Highlights Partnered with AT&T to launch managed unified streaming for the enterprise. Secured several new business and key expansions, marketing the company's new customer and expansion sales to large enterprises located in the U.S., Asia-Pacific and EMEA. Appointed Chie
Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today announced that it will hold its conference call and webcast on Thursday, May 12, 2022 at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss its financial results for the first quarter ended March 31, 2022. Financial results for the first quarter will be issued in a press release prior to the call. Qumu executive management will host the conference call, followed by a question and answer period. Date: Thursday, May 12, 2022 Time: 4:30 p.m. Eastern Time (1:30 p.m. Pacific time) U.S. Dial-In Number: +1.833.644.0679 International Dial-In Number: +1.918.922.6755 Investors can also acce
Continued Execution of Cloud Growth Strategy Drives 35% Increase in SaaS Revenue and 16% Increase in SaaS Annual Recurring Revenue (ARR) Qumu Corporation (NASDAQ:QUMU), a leading provider of cloud-based enterprise video technology, today reported financial results for the fourth quarter and full year ended December 31, 2021. Q4 2021 and Recent Operational Highlights Recognized by Aragon Research in the "Leader" category of the 2022 Aragon Research Globe for Enterprise Video. Partnered with Kollective, a provider of enterprise content delivery networking, and introduced the new Qumu Partner Program to meet growing enterprise video needs of global organizations. Unveiled the latest ca