I am running Razuna 1.8 on Ubuntu 14 with a Mysql Database.
I followed the below steps:
1) Create a watermark template
2) Create a rendition template for images and select the watermark template to apply to it
3) Upload an image and choose the rendition template (with watermark) to apply to it
No watermark is not applied to rendition, I have tried both text and image options.
I have ImageMagick installed