Qumu Corporation is an American information technology headquartered in Minneapolis. Qumu 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]
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$18million in February 2023.[11]
External links
References
- About Us^
- Qumu Redefines Self-Service Streaming with High Value, Low Cost Offerings for Small and Medium-Sized Organizations ca.finance.yahoo.com^
- Tom Krazit. Yahoo buys search firm Inktomi for $235M IDG News Service, December 23, 2002, retrieved 13 November 2020^
- News^
- Media Publisher Changes Company Name to Qumu February 2008^
- David Smith. Qumu Extends Market Reach with Kulu Valley Acquisition Aragon Research, 5 November 2014, retrieved 13 November 2020^
- Patrick Kennedy. Business ReporterQumu Corp. names Vern Hanzlik CEO Minneapolis Star Tribune, October 20, 2015, retrieved 13 November 2020^
- Oracle Buys Stellent oracle.com, 2 November 2006, retrieved 24 August 2023^
- Patrick Kennedy. Minneapolis video software firm Qumu has new CEO as product takes off Minneapolis Star Tribune, September 8, 2020, retrieved 13 November 2020^
- Qumu Supports Self-Service Zoom Event Streaming 11 September 2020^
- Patrick Kennedy. Minneapolis-based software firm Qumu bought by Canadian company Star Tribune, February 8, 2023, retrieved April 11, 2023^