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Joseph Sanborn
Managing Director
Head of M&A
Phone: (617) 262-6694
jsanborn@rutbergco.com
Monica Mariani
Associate
Phone: (415) 371-1186
mmariani@rutbergco.com
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Minneapolis, MN - Rimage Corporation (Nasdaq: RIMG) (“Rimage”), an industry-leading provider of on-demand CD/DVD/Blu-ray Disc publishing systems, announced the acquisition of San Bruno, CA - based Qumu, Inc. (“Qumu”), the leader in enterprise video communications serving 100 Global 1000 customers. Rutberg & Company, LLC served as exclusive financial advisor to Qumu.
"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," said Sherman Black, President and Chief Executive Officer of Rimage. "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. This acquisition significantly expands our market to new enterprise customers and offers cross-selling opportunities."
With Qumu, Rimage will be able to provide its customers with comprehensive solutions for all content distribution applications. Qumu allows customers to reliably and securely offer their content across multiple platforms including the desktop, smart phones and tablets. Qumu customers will benefit from Rimage’s virtual publishing technology which will add secure push delivery capabilities to Qumu’s "pull-based” streaming solution. Rimage’s net free cash flow, global footprint and infrastructure will enable Qumu to accelerate its expansion into new markets.
“We are extremely excited to be joining forces with Rimage to more quickly extend Qumu’s unique video communications solution to a much larger market,” said Mr. Hood. “We believe the combination of the two companies offers significant opportunities for growth in 2012 and beyond.
About Qumu, Inc.
Qumu, Inc., based in San Bruno, California, is the leading business video platform provider, empowering organizations to better engage and inspire employees, improve productivity, and reduce costs. Qumu helps corporations create, manage and securely distribute video and related content and provides analytics on content usage. Qumu serves companies in banking, technology, and telecom, among other industries, as well as universities and government agencies. Institutional investors include Storm Ventures, Advanced Technology Ventures (ATV) and SAP Ventures.
About Rimage Corporation
Rimage Corporation (NASDAQ: RIMG), based in Minneapolis, Minnesota, helps businesses deliver digital content directly and securely to their customers and employees. Its disc publishing business supplies more than 10,000 customers in North America, Europe and Asia with industry-leading solutions that archive, distribute and protect content on CDs, DVDs and Blu-Ray Discs. Additional information can be found at www.rimagecorp.com.
About Rutberg & Company, LLC
Rutberg & Company, LLC is a research-centric investment bank focused exclusively on providing M&A advisory services to both public and private companies, and raising mid to late stage capital for industry leading emerging growth companies in the wireless and digital media industries. Rutberg & Company's research is published monthly and is received by approximately 20,000 professionals.
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