June 17, 2013 - 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.