This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Rimage Announces Plan To Change Its Name To Qumu

Rimage Corporation (NASDAQ: RIMG), the leader in secure multimedia content management and delivery solutions, today announced that it will change its name to Qumu Corporation. The change will take effect in the third quarter of 2013.

The name change reflects the company’s ongoing commitment to the growing multi-billion dollar market for enterprise video and rich content. Rimage’s Qumu business is demonstrating success in this market, and has been recognized by Forrester Research, Inc., as a Leader in The Forrester Wave™: Video Platforms for the Enterprise , Q1 2013 report. Revenue for the Qumu enterprise software business is expected to grow by more than 50% in 2013.

Social business trends are driving increased use of video for enterprise communication and collaboration. Qumu provides the tools, infrastructure and service enterprises require to better create, distribute, secure and measure video. The company’s innovative solutions release the power in video to fully engage and empower employees, partners, clients and their customers.

“Video is a catalyst for richer business communication,” said Sherman Black, CEO of Rimage. “We are focused on helping enterprises use video to get the most from their social business investments.”

Rimage will remain a product brand for the company’s industry-leading CD/DVD/Blu-ray Disc™ publishing equipment. “We remain committed to our Rimage Disc Publishing business,” said Mr. Black. “Our Rimage product line is anticipated to continue generating cash to fuel our overall company growth.”

The name change will take effect in Q3 2013. Rimage will work with its customers, partners and suppliers to ensure a smooth transition of its operations to implement this change.

About Rimage CorporationFounded in 1978, Rimage Corporation (NASDAQ: RIMG) helps businesses deliver digital content directly and securely to their customers, employees, and partners. Rimage’s Qumu business is a leader in the rapidly growing enterprise video communications market. Qumu provides the tools, infrastructure and service enterprises require to better create, distribute, secure and measure video. The company’s innovative solutions release the power in video to fully engage and empower employees, partners, clients and their customers. Rimage’s enterprise software and disc publishing solutions enable businesses to securely deliver their videos, documents, audio files and images in today’s multi-platform, multi-device world. Rimage supplies thousands of customers in North America, Europe and Asia with industry-leading solutions that increase engagement, collaboration and control. Additional information can be found at www.rimage.com.

Blu-ray Disc™ is a trademark of the Blu-ray Disc Association.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs