Enghouse Acquires Qumu Corporation

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[{"type":"text","content":"\n \n \n \n Enghouse Acquires Qumu Corporation\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Qumu's Video SaaS Solution For The Enterprise Market\n \n \n \n \n \n Expands Enghouse's Video Offering\n \n \n \n \n \n \n MARKHAM, ON\n \n and MINNEAPOLIS\n \n ,\n \n \n Feb. 8, 2023\n \n \n /CNW/ -\n \n Enghouse Systems\n \n \n Limited\n \n (TSX: ENGH) today announced it has successfully completed its acquisition of Qumu Corporation (NASDAQ: QUMU).\n \n \n Under a\n \n December 19, 2022\n \n agreement, a wholly owned subsidiary of Enghouse completed a previously announced tender offer for all the outstanding shares of Qumu for\n \n US$ 0.90\n \n per share in cash, resulting in a total equity value of approximately\n \n US$18.0 million\n \n . Subsequently, the Enghouse subsidiary merged with Qumu, resulting in Qumu becoming a wholly owned subsidiary of Enghouse.\n \n \n Qumu will now join Enghouse's Interactive Management Group, which includes\n \n Enghouse Vidyo\n \n products. \"Qumu's Video Engagement Platform provides video creation, content management and highly scalable delivery solutions which complement our enterprise video suite of products,\" said\n \n Steve Sadler\n \n , Chairman and CEO of Enghouse. \"Together, we will serve a wider spectrum of customer needs in our niche verticals and compete more effectively in the enterprise video sector. We are very pleased to welcome Qumu's customers, employees and partners to Enghouse.\"\n \n \n \n Rose Bentley\n \n , Qumu's President and CEO, said merging Qumu into Enghouse will benefit Qumu's existing customers and enhance Qumu's Video Engagement Platform. \"We are pleased to have found a smart, strategic buyer for Qumu that will thoughtfully integrate our business into Enghouse's.\"\n \n \n \n About Enghouse Systems Ltd.\n \n \n Enghouse Systems Ltd. is a Canadian publicly traded company (TSX:ENGH) that provides vertically focused enterprise software solutions focusing on contact centers, video communications, healthcare, telecommunications, p...

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