Storm is excited for the Qumu team’s recent combination with Rimage (Nasdaq: RIMG). Rimage viewed this acquisition as transformational ,and clearly validates the vision Qumu (fka Media Publisher) had over 5 years ago about the importance of on demand and real-time video in the enterprise. Video assets have become increasingly important in the workplace, and the ability to deliver the right content to the right audience at the right time has become a strategic differentiator to several Fortune 100 companies. The market has shifted in Qumu’s direction, and we think this combination will help accelerate the rapid growth they have experienced over the last couple of years. Although the early vision was correct, the timing for the market to acknowledge this took longer and the Qumu team did a great job driving a “nice to have” to a “need to have” solution for several key customers.
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