Qumu Corporation

Qumu Corporation provides an enterprise video platform that creates, manages, secures, distributes and measures the success of live and on-demand video within the enterprise. Common use cases for the company’s products include executive webcasts, virtual events, employee collaboration and training. The Qumu platform is offered in three implementation types: cloud-based software-as-a-service (SaaS), on-premises, and hybrid. Originally focused on Global 2000 companies with high security, reliability and global video delivery requirements, in 2020 Qumu began providing its SaaS products to small and medium enterprises as video became core to operations in smaller businesses. The company’s customer base includes organizations in six verticals markets: banking and finance, health and life science, professional services, manufacturing, telecommunications, and government.[1][2]

Qumu Corporation
TypeSubsidiary
IndustryComputer Software
Founded2002 (2002)
HeadquartersMinneapolis, Minnesota, United States
ParentEnghouse Systems Ltd.
Websitewww.qumu.com

History

Qumu was founded in 2002, when Yahoo! purchased the dot-com era search engine company Inktomi.[3] As part of that transaction, Yahoo received a technology for managing and publishing video assets called Media Publisher, originally developed by eScene. Two entrepreneurs and former eScene executives approached Yahoo with an offer for the Media Publisher product.[4] They spent the next six years developing it into an enterprise video platform and renamed the company Qumu in 2008.[5]

In 2014, Qumu acquired London-based video platform provider Kulu Valley and rebranded their video platform as Qumu Cloud.[6]

In October 2015, Qumu named Vern Hanzlik President and CEO.[7] Hanzlik was a founder of content management technology company Stellent, which sold to Oracle for $440 million in 2006.[8]

In July 2020, Qumu appointed technology executive TJ Kennedy as Chief Executive Officer.[9]

In September 2020, Qumu launched its Zoom app.[10]

Qumu was acquired by TSX-listed company Enghouse Systems Ltd in an all-cash deal worth US$18 million in February 2023.[11]

References
  1. "About Us".
  2. "Qumu Redefines Self-Service Streaming with High Value, Low Cost Offerings for Small and Medium-Sized Organizations". ca.finance.yahoo.com. Archived from the original on November 15, 2020.
  3. Krazit, Tom (December 23, 2002). "Yahoo buys search firm Inktomi for $235M". IDG News Service. Retrieved November 13, 2020.
  4. "News" (Press release).
  5. "Media Publisher Changes Company Name to Qumu" (Press release). February 2008.
  6. Smith, David (November 5, 2014). "Qumu Extends Market Reach with Kulu Valley Acquisition". Aragon Research. Retrieved November 13, 2020.
  7. Kennedy, Patrick (October 20, 2015). "Business ReporterQumu Corp. names Vern Hanzlik CEO". Minneapolis Star Tribune. Retrieved November 13, 2020.
  8. "Oracle Buys Stellent". oracle.com. November 2, 2006. Retrieved August 24, 2023.
  9. Kennedy, Patrick (September 8, 2020). "Minneapolis video software firm Qumu has new CEO as product takes off". Minneapolis Star Tribune. Retrieved November 13, 2020.
  10. "Qumu Supports Self-Service Zoom Event Streaming". September 11, 2020.
  11. Kennedy, Patrick (February 8, 2023). "Minneapolis-based software firm Qumu bought by Canadian company". Star Tribune.
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