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Stock Market & Financial Investment News

News Breaks
July 1, 2014
12:45 EDTQUMUQumu closes sale of disc publishing assets
Qumu announced the closing of its previously announced all-cash sale of the Rimage disc publishing assets to Redwood Acquisition, a wholly-owned subsidiary of Equus. Redwood Acquisition is now known as Rimage. The completion of this transaction enables Qumu to focus effort and resources exclusively on the company’s video content management software business. The completion of this transaction provides Qumu with approximately $19M-$20M in net cash after closing costs, post-closing adjustments, taxes and the assumed return of the $2.3M, 15 month escrow.
News For QUMU From The Last 14 Days
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May 12, 2015
05:36 EDTQUMUQumu announces next generation integration with Citrix XenMobile
Qumu announced their next generation mobile apps and integration with Citrix XenMobile Enterprise Mobility Management. With these additions, Qumu will provide its customers with an even broader function set to address the significant growth expected for mobile video globally.

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