Northland analyst Michael Latimore downgraded Qumu (QUMU) to Market Perform from Outperform after Enghouse announced it will acquire Qumu for 90c per share in cash for a total equity value of approximately $18M. The analyst, who said he expects more consolidation in the enterprise video space over time too, points to Brightcove (BCOV) as "a potential example."
Published first on TheFly
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