Jul 1, 2014
Qumu Corporation Closes Sale of Disc Publishing Assets
Qumu Corporation , a leader in enterprise video platforms, today announced the closing of its previously announced all-cash sale of the Rimage disc publishing assets to Redwood Acquisition, Inc., a wholly-owned subsidiary of Equus Holdings, Inc. Redwood Acquisition is now known as Rimage Corporation.
Qumu Corporation Agrees to Sell Its Disc Publishing Assets to Equus...
Qumu Corporation and Equus Holdings, Inc. today announced they have entered into a definitive asset purchase agreement under which Qumu will sell its Rimage disc publishing assets to Redwood Acquisition, Inc., a wholly-owned subsidiary of Equus Holdings in an all cash transaction valued at $23 million, subject to certain adjustments.