|This Slide: #3 of 29|
Slide #3. Redwood Acquisition, Inc — Qumu Rimage disc publishing assets
Redwood Acquisition, Inc
Qumu Rimage disc publishing assets (NASDAQ:QUMU)
Qumu Corporation (NASDAQ:QUMU) and Equus Holdings, Inc. (www.equus-holdings.com) 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. The transaction resulted from a comprehensive process implemented by Qumu's Board of Directors to maximize the value of the disc publishing operations for shareholders while enabling Qumu management to focus resources and time exclusively on the Company's high growth enterprise video content management software business.
Buy (2.67 out of 4)