Mooreland Partners Advises Qumu Corporation on the Divestiture of its Disc Publishing business

Mooreland Partners Advises Qumu Corporation on the Divestiture of its Disc Publishing business to Equus Holdings, Inc.

Minneapolis, MN / Minnetonka, MN — May 6, 2014 — Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to Qumu Corporation (“Qumu”) (NASDAQ: QUMU) on the divestiture of its Rimage disc publishing business to Equus Holdings, Inc. (“Equus”). Qumu Corporation (NASDAQ: QUMU) and Equus Holdings, Inc. (www.equus-holdings.com) 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, which is subject to stockholder approval, is expected to close by July 31, 2014. The transaction resulted from a comprehensive process implemented by Qumu’s Board of Directors, with the advice of Mooreland Partners as its financial advisor, 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.

Rimage Disc Publishing (www.rimage.com) offers industry-leading digital publishing solutions to archive, distribute and protect content on CDs, DVDs and Blu-ray Discs to more than 10,000 customers around the world. Key markets and applications for its products include video workflows, retail, medical imaging and law enforcement. The Rimage Disc Publishing unit has been declining in revenue in recent years and the acquisition by Equus, a tax-free entity, provides an opportunity to further improve Rimage’s strong cash flows.

The divestiture of Rimage Disc Publishing marks the ninth transaction advised by Mooreland since the beginning of 2014, and further strengthens Mooreland’s leading position as an M&A advisor to small capitalization publicly traded technology companies.

About Qumu Corporation
Qumu provides the tools businesses need to create, manage, secure, distribute and measure the success of their videos. Qumu’s innovative solutions release the power in video to engage and empower employees, partners and clients. Qumu helps thousands of organizations around the world realize the greatest possible value from video and other rich content they create and publish. Whatever the audience size, viewer device or network configuration, Qumu solutions are how business does video. Additional information can be found at www.qumu.com.

About Equus Holdings
Equus is proud to be one of America’s largest computing system manufacturers and an employee-owned company. Since 1989, Equus has delivered more than three million build-to-order and ready-to-ship computing systems through its reseller channel and Serversdirect.com web store. Equus has prospered because of its ability to boost efficiencies, adopt the latest technologies, and provide the highest quality solutions. As an experienced ISO 9001-certified systems builder, Equus continues to be a trusted and valued partner to solution providers by offering high-quality IT solutions combined with consistent and efficient delivery and service. By anticipating technology trends, Equus helps it customers prepare for market changes and new opportunities. Additional information can be found at www.equuscs.com.