Enterprise Video Leader Qumu Announces Worldwide Office Virtualization
December 08 2020 - 9:15AM
Business Wire
New ‘Work from Wherever, Forever’ Policy
Virtualizes All Roles, Will Eliminate Dedicated Office Space in
Minneapolis, London and Hyderabad
Qumu, a leading provider of cloud-based Enterprise Video
technology for organizations of all sizes, has just announced a
‘Work from Wherever, Forever’ policy for all employees, beginning
December 8, 2020. Three of Qumu’s worldwide office locations will
be officially closed, with employees in all offices continuing to
work remotely as they have been since March of 2020.
“At Qumu, we believe a ‘Work from Wherever, Forever’ policy is
the socially responsible thing to do—for our employees and their
health, for the wellbeing of the planet, and for our outside
stakeholders and their investments in our future,” said TJ Kennedy,
CEO of Qumu. “One of Qumu’s primary objectives with this policy is
to set a great example for other organizations when it comes to
remote work, and this move will allow us to do that.”
“Qumu operates a business in the enterprise collaboration
technology space, supporting organizations that believe remote
work, travel minimization and virtualized events are both
sustainable and the new normal,” noted Kennedy. “With this in mind,
we believe it is important to be one of the first companies in our
space to acknowledge this fundamental change in the workplace
dynamic and leverage the technology we provide to make it
happen.”
Qumu has entered into flexible shared workspace arrangements in
London and Minneapolis, is finalizing an arrangement in Hyderabad,
and is maintaining its California office. As part of its full
office virtualization initiative, Qumu is expanding its
company-wide home office program to optimize the program’s
effectiveness for the benefit of Qumu’s employees and global
customer base. The company will provide full-time employees with a
work at home stipend and will implement local team meetups and
social gatherings when permitted based on local public health
considerations. To enhance collaboration and allow remote teams to
share real-time progress on major projects, Qumu is implementing
new feedback and visibility tools.
Qumu leadership also believes a ‘Work from Wherever, Forever’
policy will make a positive impact on its recruiting efforts. “Full
office virtualization makes Qumu a great option for an entire world
of job seekers,” noted Jason Karp, Chief Commercial Officer and
Chief Counsel. “Offering flexible working arrangements is a
significant differentiator when competing for high-end talent, and
we’re excited about the possibilities on the recruiting front.”
Parties interested in learning more about Qumu’s new ‘Work from
Wherever, Forever’ policy may contact the company directly using
the Contact Us Form on the Qumu website.
About Qumu Corporation
Qumu (Nasdaq: QUMU) is a leading provider of best-in-class tools
to create, manage, secure, distribute and measure the success of
live and on-demand video for the enterprise. Backed by the most
trusted and experienced team in the industry, the Qumu Cloud
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.
Forward-Looking Statements
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Any statements contained
in this press release that are not statements of historical fact
may be deemed to be forward-looking statements. Without limiting
the foregoing, words such as “may,” “will,” “expect,” “believe,”
“anticipate,” or “estimate” or comparable terminology are intended
to identify forward-looking statements. Forward-looking statements
are subject to various risks and uncertainties that could cause
actual results to differ materially from those expressed or implied
in such statements.
Such forward-looking statements include, for example, statements
about: the expected use and adoption of video in the enterprise,
the expected benefits of remote work for Qumu and its workforce,
the ability to secure flexible shared workspace and foster employee
productivity and engagement, and the ability to more effectively
recruit under Qumu’s new policy. The risks and uncertainties that
could cause actual results to differ materially from those
expressed or implied in these forward-looking statements include
the risk factors described in the Company’s Quarterly Report on
Form 10-Q for the quarter ended June 30, 2020, any subsequently
filed Form 10-Q and Current Reports on Form 8-K and other filings
with the Securities and Exchange Commission.
The forward-looking statements in this press release speak only
as of the date of this press release. Except as required by law,
Qumu assumes no obligation to update or revise these
forward-looking statements for any reason, even if new information
becomes available in the future, except as required by law.
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Lauren Smith Qumu Corporation lauren.smith@qumu.com +1
612-638-9079
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