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Qumu is in a whole new ball game this year as its video platform is in high demand, it scuttled a previously announced merger and it is under new leadership.
The Minneapolis software company in July hired its new chief executive, TJ Kennedy — a former firefighter, paramedic and state trooper who migrated to the technology side of emergency response.
Kennedy stepped into a situation where the demand for Qumu’s main product has skyrocketed since the coronavirus pandemic forced telecommuting and virtual meetings to the forefront.
Video platforms now are an essential corporate function that gets direct attention from the CEO and chief financial officer level, not just IT teams and their managers.
“CEOs now care about their video platforms,” Kennedy said.
Qumu has already signed more new customers through July than it did in all of 2019.
“I believe we are taking three to five years of future growth and jamming it into the next year,” Kennedy said. “I think that from an enterprise level, we have had to change as companies embrace more video, more remote communications, more remote collaboration and more use of technology to do things we weren’t expecting it to do.”
Kennedy replaced Vern Hanzlik, who has …
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