Qumu Announces Preliminary Fourth Quarter and Year End 2017 Results

Fourth Quarter and Year End 2017 Conference Call Scheduled for March 7, 2018

Minneapolis, February 09, 2018 - Qumu (NASDAQ: QUMU), today announced preliminary financial results for the fourth quarter and year ended December 31, 2017, which remain subject to customary annual audit procedures.Read more

iStudy Partners with Qumu to Launch New Learning Management System Integrated with Qumu Cloud

Enterprise learning technology leader releases iStudy LMS and iStudy Video, powered by Qumu and based on the Qumu Cloud Enterprise Video platform

Minneapolis, January 17, 2018 - iStudy Co., Ltd., a leader in enterprise Learning Management System technology, announced it will be launching its new iStudy LMS and iStudy Video products powered by Qumu Cloud. This partnership marks the first time a Learning Management System (LMS) has been released using Qumu’s cloud-based enterprise video platform as a content delivery and management engine.

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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.Read more

Qumu Appoints New Executive Vice President of Worldwide Sales and Business Development

Enterprise video leader adds industry veteran Chance Mason, digital media pioneer, to accelerate revenue growth and drive new customer acquisition

Minneapolis, January 8th, 2018 - Qumu (NASDAQ: QUMU), a leader in enterprise video, announced the hiring of video delivery and new media innovator Chance Mason to lead worldwide sales and business development. As Executive Vice President of Worldwide Sales and Business Development, Mason will leverage his 15 years of sales and operational leadership experience in the video platform market to accelerate Qumu’s customer acquisition, maximize existing customer revenue growth, and expand Qumu’s partner network.

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Qumu Elects Two Board Members

Harbert Nominated Kenan Lucas and Neil E. Cox Bring Experience and Expertise to Qumu Board

Minneapolis, December 19, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions, has announced that it has elected Kenan Lucas and Neil E. Cox to its board of directors, effective immediately. The election of Messrs. Lucas and Cox brings the total number of directors on the Qumu board to nine.Read more

Qumu Names David Ristow as Chief Financial Officer

Minneapolis, December 18, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions to the Global 2000, has named David Ristow as the Company’s Chief Financial Officer effective December 15, 2017. Ristow has been Qumu’s Interim Chief Financial Officer since November 7, 2017.Read more

Qumu Posts Positive Quarter for New Customer Wins

Enterprise video leader lands 12 new customers, grows footprint in video content management and delivery space

Minneapolis, November 9th, 2017 - Qumu (NASDAQ: QUMU), a leading provider of enterprise video solutions, has announced the closing of twelve (12) new enterprise video clients in the third quarter of 2017. These wins mark one of the company’s most positive sales quarters in nearly two years, and represent both emerging and Global 2000 companies located in the United States, Asia-Pacific and EMEA.

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Qumu Announces Compliance with Financial Covenants and Amendment to Credit Agreement

Minneapolis, November 6, 2017 - Qumu Corporation (NASDAQ: QUMU) today announced, after completing its full monthly compliance analysis following October 31, 2017, that the Company was in compliance with the cash and eligible accounts receivable covenant of its term loan credit agreement with HCP-FVD, LLC and Hale Capital Partners, LP. Accordingly, the Company was not in default of the credit agreement at October 31, 2017.  Qumu has maintained compliance with all financial covenants of the term loan credit agreement since it was signed in October 2016.Read more

Qumu Announces Third Quarter 2017 Results

Minneapolis, MN – October 31, 2017 – Qumu Corporation (NASDAQ: QUMU) today reported financial results for the third quarter 2017.

Third quarter revenue was $7.6 million, compared to $7.1 million in the third quarter 2016, and net loss was $(2.3) million, or a loss of $(0.25) per share, compared to $(2.5) million, or a loss of $(0.27) per share, in the third quarter 2016. Third quarter 2017 results included foreign currency losses of $(0.02) per share. Third quarter adjusted EBITDA (a non-GAAP measure) was a loss of $(0.9) million, compared to an adjusted EBITDA loss of $(1.4) million for the third quarter 2016.

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Qumu Announces Departure of Chief Financial Officer

Minneapolis, October 24, 2017 - Qumu (NASDAQ: QUMU), a leader in enterprise video, announced that CFO Peter Goepfrich will be leaving the company to join a private equity portfolio company, effective November 6, 2017. The Company expects to identify a candidate to act as interim CFO in the short term. The Company will also engage a search firm to recruit a successor Chief Financial Officer.Read more