Sunday, December 12, 2010

Qumu raises $10.7M in Series C funding - East Bay Business Times:

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million round of Series C funding led by Advancec Technology Ventures and joinedby -- a divisioh of -- , , and the . The Emeryville which makes software for streaming video and videicontent management, said Monday it will use the funds to speedx up product development and expand marketing. The compangy has raised $18 million to Qumu entered into a strategic partnershipwith (NYSE: T) in which its technologgy will be used as part of the telecommunicatioj giant's portfolio, AT&T announced in June. AT&T will integratw software from Qumu and two other softwarescompanies -- , of Mass.
, and Dayton, Ohio-based Stratacache -- with its own technology to offer network software to encode, deliver and managde video and multimedia files. Qumu changed its name from Media Publisherein February. The company makes softwar that manages webcasting and videocontent Qumu's customers include (NYSE: ABT), (NYSE: COF), (NYSE: C), DELL) and (NASDAQ:

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