Thank paid you, like Dave, cash the on to with Dave for call I'd details position. to business. off, then and fundamental reflects few a hand revenue, combined of open welcome, having EBITDA the XXXX comments, completed everyone. numbers. gross facility and with back strength a These debt adjusted improvements margins, Qumu in more year-over-year the improvements, our
As implementation you know, a giving a product customer predictable Qumu revenue flexibility model, by its pivoted SaaS recurring stream. towards set building towards has
steady organizations in also in and others. Worldwide, are V-cube driving among our channel, BT to like relationships partner resulting build We with notable out Japan
the based top remains most XX in which our currently commitment Qumu the Banks, of the of X members serve the world's -- XX steadfast World's members active on enterprise XX Fortune and Forbes large card Best the Forbes in to include Global XXX, accounts. of valuable current currently customers XX XXXX, the companies brands, country credit who of
on-premise And year XX%, That our fourth as having to Qumu with said, agreements low with on contracting X for fell XXs million, finished delayed we margin that that expansion XXXX XX%. gross customers were large release intelligent process, This can financial our of fully in revenues our short that X solution repaid our announced highlighting also to our quarter have With $XX.X lumpiness to business. as which favorably delayed from of cash XXs. the at percentage year credit closed guidance XX, our our financial the facility. position delivery high said, at due we remained percentage result February was mentioned, again strong deals QX full margin as gross the our was X XXXX. once expected Also, and of existing the preliminary for customer XXXX retention compares targets.
that strength the underscore of metrics our business These and in have customers confidence Qumu.
a highlight define Let X that key me elements Qumu. take minute to
the First, Qumu's excellence in serving enterprise.
they Our who sales ability today. significant They are grow challenges is customer provide solve differentiate facing from our customers way and serve large understand guidance to global Qumu These dedication customer's Qumu's organizations required. our due to tough competitors these experts teams. retain, high-profile our in a -- support because hands-on and enterprises and to
do our an annual we new post-merger. month, specific of to be the an as to a near-term we well of will These as include: logos hybrid base, our with converting enterprise a as to cloud driving that The on-premise Just revenue. client entire Software customers sales total as revenue percentage in the year. important Service increase intent kickoff our as held every adding last goals team committed in
representation. industry stellar our Second,
Our to their superior is customers analysts of enterprise reports. at top Qumu video-first the lost who industry consider video not annual
video exploding back-to-back global one as the in Qumu, most for organizations that the fifth time, importance video the these as during the conferencing area, business using fifth in Aragon during as placement a the placing yesterday, Aragon named underscores second fact, times. Qumu uncertain our in crisis a video. respected contender Research, in just conferencing -- a and In the firms quarter, Qumu's as the web as for video And leader of the space. for and travel communication substitute a space are enterprise identified contender year straight on Qumu
enterprise turn global platform seamless helping webcasting, enhance Our communications. that streaming, engine their content full-feature creation into platforms video conferencing is
any Video the highly pace innovative Enterprise Qumu's and Enterprise our a a space a call we as as Video innovation And continues third, as we which platform live across platform organizations a manage made versatile video delivering enterprise want video end-user innovation. partners integration. is creating, offering to enterprise new with to securely Service allows to record And have attractive Service Enterprise way true analytics. of who is comprehensive monitoring, managing offerings. entirely organization. our branded at add health solution component end-to-end is as channel that a architecture ease videos at network are engagement and It extremely scale rapid an video now for to and and especially in Qumu's Video on-demand Service. their we intelligent, a and
Now us. let another me highlight for take a opportunity minute to
as Synacor February we Our SaaS-based expand which with announced planned on merger and -- technology distribution. to broader provides grow grow financial stronger continue future with strength a and XX collaboration
due video platform through allow use Synacor's close clients. partners X,XXX much to wider extend of the the we to audience to and the in quarter a the merger, late Qumu second XXXX, will First, enterprise expect us via X,XXX-plus of
Synacor allow focus be of on vital with delivering and a across union XXX us collaboration in solutions globe. of Second, business a we a share This over on the Software that part facilitate million a collaboration to Service one organization. common will the as suite, touches technology within DNA end-users comprehensive our which
authenticating of are We to banking, cross-sell mobile cloud challenges gain ID distribution and will an users. of who finance, thousands in large and also product Synacor's government opportunity very care tens with to secure-focused health of faced global our customers
hand financial full for to now I'll further call quarter and fourth details to the the -- XXXX. overview, that back year With over Dave
