Qumu Receives Prestigious Frost & Sullivan Customer Value Enhancement Award for Digital Media Applications Market
Leader in Enterprise Video Communications Recognized for Responding to Customer Demand Leading to 100 Percent Growth
Emeryville, Calif.— November 9, 2006 —— Qumu Inc., the leader in Enterprise Video Communications, has announced that it has received the 2006 North American Digital Media Applications Customer Value Enhancement Award from Frost & Sullivan. The award is presented yearly to the company that has best demonstrated the ability to maintain and expand its customer base by offering more innovative value creation and enhancement strategies than competing vendors. Qumu received the award in part due to its successful acquisition of large enterprise customers, as well as the company’s 100 percent year-on-year growth rate from 2003 through 2005.
“Qumu was the first company in its industry to foresee the demand for better management of enterprise video communications and to build a robust and modular solution around this market demand.Qumu has created tremendous value addition for organizations working with disconnected technologies,” said Mukul Krishna, Industry Manager at Frost & Sullivan. “Qumu also built relationships with key technology partners, helping strengthen its solution and solidifying its position in the market. The company’s ability to demonstrate exponential growth in a fiercely competitive market, while continuing its commitment to developing customer-focused business practices and technology, made it an easy choice for the Customer Value Enhancement Award.”
The Customer Value Enhancement Award is part of Frost & Sullivan’s Best Practices Awards, which recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
“Frost & Sullivan has recognized the value we offer to organizations that are under pressure to manage and distribute business video,” said Rod Bacon, president and CEO of Qumu Inc. “We’ve been able to maintain the rapid growth of our customer base by creating a complete, easy-to-use solution that makes business video reliable, affordable, and scalable to audiences across the enterprise, no matter where they’re located.”
Qumu eliminates the common challenges associated with managing business video by streamlining and automating manual delivery methods, which improves event quality, centralizes the management of multiple systems needed for video, and provides comprehensive reporting capabilities. Qumu’s Video Control Center helps IT departments manage content infrastructure throughout the organization, while the Qumu application suite allows business users to take control of enterprise video communications – including creating and managing events, setting security rules for access, and generating reports to assess audience interest level by department or geography.
The Customer Value Enhancement Award will be presented to Qumu on November 15th, 2006 at the Frost & Sullivan Industry Awards Banquet in San Antonio, Texas.
About Qumu Inc.
Qumu Inc. is the leader in Enterprise Video Communications. The company offers a complete suite of video applications - including solutions for live event webcasting, video on demand editing, and digital signage - and a Video Control Center that manages a company's existing content infrastructure. Qumu's solution makes it easier for global 2000 companies to leverage business video, allowing them to communicate more efficiently and deliver a consistent message across distributed audiences. The company is privately held and based in Emeryville, California. For more information, visit www.qumu.com