Local company news roundup

  • Updated: April 25, 2014 - 8:16 PM

Mergers and acquisitions

Qumu Corp., Edina, formerly Rimage Corp., said it has an agreement to sell its legacy Rimage disc publishing assets to Redwood Acquisition Inc. in an all-cash transaction valued at $23 million. Redwood Acquisition is a subsidiary of Equus Holdings Inc., Minneapolis, which has assembled a portfolio of IT equipment and solutions companies. The deal is expected to close by July 31.

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