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.
![Attendees of Frostbike made their way through the convention Saturday at the Quality Bike Products campus in Minneapolis. ] (AARON LAVINSKY/STAR TRIBUNE) aaron.lavinsky@startribune.com Frostbike 2016 was held at the Quality Bike Products Campus on Saturday, Feb. 27, 2016 in Bloomington, Minn.](https://arc.stimg.co/startribunemedia/NH2BSHB74ND2V6GF2G2HI5X4MM.jpg?&w=252&ar=3:2&fit=crop)
