Qumu and Socialive Partner to Make Streaming Video More Accessible for Business

Rhea-AI Summary

Qumu Corporation (Nasdaq: QUMU) has partnered with Socialive to enhance video content production and distribution for businesses of all sizes. This collaboration brings Socialive's SaaS-based video production capabilities to Qumu's existing customer base, allowing for easy video streaming from various sources on any device. The partnership aims to streamline the video creation process for users, reflecting the growing demand for enterprise video solutions as remote work becomes more prevalent.

Positive

• New partnership with Socialive enhances video production capabilities for Qumu users.
• Socialive's robust SaaS video studio is now accessible through Qumu Cloud.

Negative

• None.

Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology, and Socialive, the leading video creation platform for business, announced a new partnership to bolster video content production and distribution for organizations no matter their size. Socialive’s SaaS-based video production studio includes multiple layout options and robust production capabilities now available to existing Qumu customers via Qumu Cloud.

The use of enterprise video exploded in 2020 as businesses shifted to new ways of collaboration with employees, customers and partners, due to the increase in remote work. The combination of Qumu and Socialive makes it easier for any business user to capture streaming video from multiple sources via any device. The resulting videos are instantly accessible, live or on demand, via Qumu’s secure and massively scalable content platform.

“Everyone is a video creator these days, and we want to make it easier for our customers who don’t have the time to spend hours editing or learning new software,” said TJ Kennedy, President and CEO at Qumu. “The partnership with Socialive a

FAQ

What is the significance of the Qumu and Socialive partnership?

The partnership enhances video content production and distribution for Qumu users, making it easier to create and share videos.

How does the partnership benefit Qumu customers?

Qumu customers gain access to Socialive's advanced video production tools, enabling efficient video creation.

What technology does Qumu provide for video solutions?

Qumu offers a secure and scalable content platform for streaming video, which is now enhanced by Socialive's capabilities.

When was the Qumu and Socialive partnership announced?

The partnership was announced in a press release dated March 25, 2021.

What is Qumu's stock symbol?

Qumu's stock symbol is QUMU.