Qumu Corporation (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), dated December 17, 2022, with Enghouse Interactive Inc. (“Parent”), and Cosmos Merger Sub Inc. and a wholly owned subsidiary of Parent (“Merger Sub”), providing for the acquisition of the Company by Parent in an all-cash transaction, consisting of a tender offer (the “Offer”) for all of the outstanding shares of the Company's common stock, par value $0.01 per share (the “Common Stock”), followed by a subsequent merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly-owned subsidiary of Parent. Effective as of the Effective Time, Rose Bentley, the Company's Chief Executive Officer, resigned from all director positions with the Company's subsidiaries.