Qumu Posts Positive Quarter for New Customer Wins
November 09 2017 - 8:30AM
Business Wire
Enterprise video leader lands 12 new customers, grows
footprint in video content management and delivery space
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.
“To me, the most satisfying thing about our recent quarter is
the variety of industries which have adopted Qumu technology over
the last three months,” noted President and CEO of Qumu Vern
Hanzlik. “We’re talking about new customers in manufacturing,
retail, banking, hospitality, pharmaceuticals, health care and
communications—no one else in the industry is covering as much
ground as Qumu right now.”
Qumu’s recent wins span a variety of use cases, serviced by
on-premise, cloud-based and hybrid solutions. A few of the
company’s more notable new customers include food manufacturer
Campbell’s, employee-owned grocery chain Hy-Vee, a leading French
banking and financial services company, and Japanese pharmaceutical
companies Sumitomo Dainippon Pharma and Mitsubishi Tanabe Pharma—a
subsidiary of Mitsubishi Chemical Holdings Corporation.
During the third quarter of 2017, Qumu also closed three major
deals in the financial industry, including an on-premise
implementation with one of the largest commercial banking networks
in the southeastern United States. In addition, Qumu signed
agreements with both CIT Group (NYSE: CIT), a financial holding
company with about $50 billion in assets and The D.E. Shaw Group, a
New York-based global investment firm with more than $43 billion in
investment capital worldwide.
“2017 has been an exciting year for Qumu so far,” noted Hanzlik.
“This last quarter was very good on its own, but in the larger
picture represents multiple quarters of execution of Qumu’s sales
and product development strategy. We expect our strategy to gain
momentum in future quarters, and continue to deliver the kinds of
customer wins we experienced in the third quarter.” Those
interested in finding out more about Qumu may visit the Qumu
website at www.qumu.com.
About Qumu Corporation
Qumu (NASDAQ: QUMU) helps the world’s largest companies realize
the value of putting video to work for their digital workforce.
Organizations use Qumu software to create, manage and share
video—live streaming and on demand—turning video into an always-on
resource and connecting thousands of stakeholders across a single
enterprise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171109005160/en/
Qumu CorporationEric Rudolf, +1 612-638-9085Vice
President of Marketingeric.rudolf@qumu.com
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