Rimage Buys Qumu

Rimage Corp., a publicly traded provider of on-demand DVD and Blu-ray publishing systems, will acquire Qumu Inc., an enterprise video communications company. Rimage will pay $52 million, which includes a $39 million cash component and 1 million shares of Rimage commons stock. Qumu was reportedly backed by investors including Advanced Technology Ventures, SAP Ventures, Storm Ventures, Garage Technology Ventures, Halo Opportunities Fund and the Angels Forum.

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