Qumu Corporation provides an
enterprise video platform that creates, manages, secures, distributes and measures the success of live and
on-demand video
Video on demand (VOD) is a media distribution system that allows users to access videos without a traditional video playback device and the constraints of a typical static broadcasting schedule. In the 20th century, broadcasting in the form of o ...
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
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software.
SaaS is cons ...
,
on-premises
On-premises software (abbreviated to on-prem, and incorrectly referred to as on-premise) is installed and runs on computers on the premises of the person or organization using the software, rather than at a remote facility such as a server farm ...
, 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.
Early history
Qumu was founded in 2002, when Yahoo purchased the
Dot-Com era
The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet.
Between 1995 and its peak in March 2000, the Nasdaq Compo ...
search engine
A search engine is a software system designed to carry out web searches. They search the World Wide Web in a systematic way for particular information specified in a textual web search query. The search results are generally presented in a ...
company
Inktomi
Inktomi Corporation was a company that provided software for Internet service providers (ISPs). It was incorporated in Delaware and headquartered in Foster City, California, United States. Customers included Microsoft, HotBot, Amazon.com, eBay, ...
. 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. They spent the next six years developing it into an enterprise video platform and renamed the company Qumu in 2008.
In 2014, Qumu acquired London-based video platform provider Kulu Valley and rebranded their video platform as Qumu Cloud.
In October 2015, Qumu named Vern Hanzlik President and CEO. Hanzlik was a founder of content management technology company Stellent, which sold to
Oracle
An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. As such, it is a form of divination.
Description
The word '' ...
for $440 million in 2006.
Recent History
In July 2020, Qumu appointed technology executive TJ Kennedy as Chief Executive Officer.
In September 2020, Qumu launched its
Zoom
Zoom may refer to:
Technology Computing
* Zoom (software), videoconferencing application
* Page zooming, the ability to magnify or shrink a portion of a page on a computer display
* Zooming user interface, a graphical interface allowing for image ...
app.
In November 2020, Qumu reported a 400% increase in customer usage of its cloud platform from the beginning of 2020.
[https://www.nasdaq.com/press-release/qumu-reports-third-consecutive-quarter-of-record-cloud-video-usage-as-global (press release)]
References
External links
{{Finance links
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