Qumu Announces Launch of Public Offering of $20 Million of Common Stock
Summary
MINNEAPOLIS--(BUSINESS WIRE)--Qumu Corporation (NASDAQ: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, announced today the launch of an underwritten registered public offering of $20 million of its common stock. Qumu intends to use the net proceeds from this offering for working capital and general corporate purposes. Backed by the most trusted and experienced team in the industry, the Qumu Cloud platform enables global organizations to drive employee engagement, increase access to video, and modernize the workplace by providing a more efficient and effective way to share knowledge. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue” or comparable terminology. Forward-looking statements involve risks and uncertainties that could cause actual results or developments to differ materially from those indicated due to a number of factors affecting Qumu’s operations, markets, products and services.
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