Acquisition of
October 2011
Rimage, a provider of DVD replication hardware and services, has acquired Qumu, a corporate video services provider.
- Rimage will be able to help its customers share information via smart phones, tablets and other cloud-computing technology in addition to its core physical products of CDs, DVDs and Blue-ray Discs
- Qumu CEO Ray Hood will remain the leader of Qumu, which will remain in California
About Rimage (NAS: RIMG)
Founded in 1978, Rimage designs and manufactures optical disc publishing and printing hardware and provides related software, consumables and services. Throughout its history, the company has provided best-in-class workflow-integrated solutions that serve a variety of markets and applications.
About Qumu
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.
Transaction Details
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SectorsCorporate & Business Solutions
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ServiceM&A
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OwnershipPublic
“Qumu is a cornerstone acquisition for Rimage and immediately positions us as a leader in the growing market for video communications and social enterprise applications for business. The Qumu acquisition accelerates Rimage’s strategy to distribute live, on-demand, downloaded and optical media content for a broad range of applications, on any mobile or desktop device.”
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