QUMU - QUMU STOCK NEWS

Qumu Corporation (Nasdaq: QUMU) has entered into a reseller agreement with LiveU, enhancing their enterprise video solutions. This partnership will enable Qumu to offer LiveU's high-end video streaming technology, allowing clients to produce, deliver, and store broadcast-quality video, including live corporate events. The collaboration addresses rising demand for remote video solutions due to increased remote work. LiveU's technology, optimized for 5G networks, will now be accessible to Qumu's enterprise customers, furthering their ability to engage audiences effectively.

Qumu Corporation (QUMU) has reported a 35% increase in SaaS revenue, reaching $10.2 million for 2021, and a 16% growth in SaaS Annual Recurring Revenue (ARR) to $12.8 million. Despite a net loss of $(16.4 million) for the year, the company is seeing positive momentum with 90% Gross Retention Rate and 114% Net Retention Rate. The leadership is optimistic, setting a goal for SaaS recurring revenue to reach 65% by the end of 2022. Cash and equivalents stood at $20.6 million at year-end.

Qumu Corporation (NASDAQ: QUMU) has been recognized in the Top Right Quadrant of the 2022 State of the Market for Enterprise Streaming Solutions report by Wainhouse Research for the sixth consecutive time. The report highlights Qumu's position within the Streaming Engine category, emphasizing its capability to provide turnkey enterprise streaming solutions with integration potential. With the enterprise streaming market projected to reach $1.56 billion by 2025, Qumu aims to support organizations adapting to hybrid work models.

Qumu Corporation (NASDAQ: QUMU) will hold a conference call and webcast on March 17, 2022, at 4:30 p.m. Eastern Time to discuss its fourth quarter and year-end 2021 financial results. Prior to the call, a press release detailing these financial results will be issued. Investors can dial in at +1.833.644.0679 (U.S.) or +1.918.922.6755 (international), and the webcast will be accessible through the investor relations section of the Qumu website.

Qumu Corporation (NASDAQ: QUMU) has introduced new features to its Video Engagement Platform, enhancing monitoring and management for administrators. The update includes Platform Analytics, giving a dashboard overview of metrics such as capacity and bandwidth consumption. New User Management features enable tracking of inactive users and engagement metrics. The addition of Automated Queue Management ensures a seamless viewer experience during large events. This rollout underscores Qumu's commitment to secure and efficient video communication, crucial for the evolving remote work landscape.

Qumu Corporation (Nasdaq: QUMU) has been recognized by Aragon Research in the Leader section of the 2022 Aragon Research Globe for Enterprise Video for the seventh consecutive time. This evaluation assesses 14 enterprise video platform vendors on parameters like Product Strategy, Customer Experience, and Market Awareness. The report emphasizes the growing reliance on video technology in modern enterprises as they adapt to changing workplace dynamics.

Qumu's inclusion reinforces its commitment to enhancing business communications and increasing customer engagement.

Qumu Corporation (Nasdaq: QUMU) has been named a finalist in the prestigious Cloud Awards for the category of Best Software as a Service – USA (Enterprise). The awards celebrate innovation in cloud computing and welcome global participation. The announcement marks a significant recognition of Qumu's enterprise video technology platform. Final winners will be revealed on February 8, 2022. The Cloud Awards aim to highlight organizations that excel in cloud technology, with entries spanning from the Americas to Europe and the Middle East.

Qumu Corporation (NASDAQ: QUMU) has partnered with Kollective to enhance enterprise video communication solutions. This collaboration integrates Qumu's video engagement tools with Kollective's content delivery network, allowing for scalable and efficient internal communications. The newly launched Qumu Partner Program aims to facilitate seamless integration and drive revenue opportunities for partners. As remote work becomes standard, this partnership addresses the growing need for secure, high-quality video solutions for global enterprises.

Qumu Corporation (NASDAQ: QUMU) has awarded a non-qualified stock option to its newly appointed Chief Financial Officer, Thomas A. Krueger, entitling him to purchase 200,000 shares of Qumu common stock. This grant, part of Mr. Krueger's offer letter, comes with an exercise price of $2.12 per share, reflecting the last reported sale price on the grant date of December 6, 2021. The options will vest in equal annual installments over four years, contingent on his continued service. This award was approved by Qumu's compensation committee and is structured according to the company's 2007 Stock Incentive Plan.