Qumu Announces New Customers, Partner Traction and Platform Expansion
April 11 2022 - 9:15AM
Business Wire
More Organizations Deploy Qumu to Support
Employee Engagement and Secure Video Streaming
Qumu Corporation (Nasdaq: QUMU), a leading provider of
cloud-based enterprise video technology, today announced the
closing of new business and key expansions in the first quarter of
2022. These wins mark the company’s new customer and expansion
sales to large enterprises located in the United States,
Asia-Pacific and EMEA.
Qumu’s recent wins span a variety of use cases, serviced by
cloud and hybrid solutions. A few of the company’s more notable new
customers include a prominent global automaker and mobility
provider, a leading multinational energy company, and top banking
and financial companies. These great wins are the result of
laser-focused strategies and collaboration with partners including
Kollective, BT, Socialive, and LiveU, among others.
During the first quarter of 2022, Qumu also expanded the use of
the Qumu Video Engagement Platform in key accounts in the
healthcare and manufacturing industries, including a transition
from on-prem to cloud and user expansion with one of the largest
automakers in the United States. Qumu signed new and expansion
agreements for asynchronous video deployments, which added nearly a
million new users to the platform in the quarter.
“Qumu sees continued momentum with large enterprises deploying
our video engagement platform. Leading organizations recognize that
today’s environment requires reliable, flexible, secure and
scalable video communications to help them accelerate their digital
transformation efforts. It’s rewarding to be part of their video
strategy in this new era of hybrid work,” said TJ Kennedy, CEO and
President of Qumu. “This last quarter represents our execution
against our strategy around customers, product adoption &
innovation and partners. We expect our strategy to gain momentum in
future quarters as we continue to deliver the kinds of customer
wins we experienced in the first quarter.”
For more information about Qumu, visit Qumu.com.
About Qumu Corporation
Qumu (Nasdaq: QUMU) is a leading provider of best-in-class tools
to create, control, deliver, experience and analyze live and
asynchronous video at scale. Backed by an experienced team of
software and video experts, Qumu’s software enables globally
distributed organizations to drive employee, customer and partner
engagement, modernizing business by providing more efficient and
effective ways to communicate and collaborate.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220411005181/en/
Qumu Media Contact: Ashley Paula-Legge Big Valley Marketing for
Qumu alegge@bigvalley.co +1 707-972-0073
Qumu Investor Contact: Matt Glover or Tom Colton Gateway
Investor Relations QUMU@gatewayir.com +1 949-574-3860
Qumu (NASDAQ:QUMU)
Historical Stock Chart
From May 2024 to Jun 2024
Qumu (NASDAQ:QUMU)
Historical Stock Chart
From Jun 2023 to Jun 2024