- Created on Friday, 01 February 2008 21:35
Company Looking to Continue Strong Growth and Momentum in 2008
Emeryville, CA — February 1, 2008 — Media Publisher, Inc., the leader in Enterprise Video Communications (EVC), today announced it has changed its name to Qumu Inc. The new name reflects the company’s aggressive approach in providing video solutions for enterprises looking to more effectively communicate to their employees and customers.
"This is an extremely exciting period for the company as we continue to build momentum with our enterprise video solutions,” said Ray Hood, president and CEO of Qumu. "We achieved many milestones in 2007 which included: strong Q4 sales performance resulting in record revenues for the year; the addition of key new customers such as Dell, Northwest Mutual Life, and UBS; recognition by Inc Magazine as one of the fastest growing private companies in America; and the additions of two key industry veterans to the management team, Chuck Lucci and Claude Dupuis in charge of sales and engineering respectively. Qumu will make significant strides forward in 2008.”
In native American mythology the Bear is an important figure, and qumu is the firepower within that gives him his great strength. Similarly, video plays an increasingly critical role in how enterprises effectively communicate, and Qumu provides the core software solution that enables firms to easily capture, manage, publish and distribute live and on-demand video content.
The use of video as the ‘preferred-choice’ for communicating in today’s dispersed work environment is at an all-time high. Companies are using video in live and on-demand webcasts, recorded video conferences, employee training, executive briefings, and product announcements while simultaneously keeping the costs of doing business as low as possible. IT departments are required to leverage investments in existing resources and tools and the rampant use of video amongst consumers is driving expectations for individuals to experience the vitality of video in the workplace.
About Qumu, Inc.
Video plays an increasingly strategic role in the way enterprises communicate internally and externally. Qumu, the leader in Enterprise Video Communications (EVC), enables organizations to easily capture, manage, publish and distribute live and on-demand video content. The company provides a single web services based software solution that seamlessly manages all video applications, and leverages existing video, storage and distribution hardware and software infrastructure. Customers worldwide, including AT&T, Abbott Labs, Capital One, Citigroup, Dell, eBay and others are experiencing the value of the company’s patented solutions. For more information, visit www.qumu.com.