Qumu Announces Inducement Grant

Qumu Corporation (Nasdaq: QUMU), the provider of best-in-class video technology for the enterprise, has announced that Qumu has granted a non-qualified stock option award to purchase an aggregate of 457,692 shares of its common stock to TJ Kennedy, Qumu´s new President and Chief Executive Officer, the company said.

The stock option award was made pursuant to the company´s previously announced offer letter with Kennedy, and as a material inducement to Kennedy joining Qumu as President and Chief Executive Officer and a member of the board of directors.

Qumu is the provider of a best-in-class platform to create, manage, secure, distribute and measure the success of live and on-demand video for the intelligent enterprise. Backed by the most trusted and experienced team in the industry, the Qumu 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.