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Sonic Foundry (NASDAQ: SOFO) is a global leader in video capture, management, and webcasting solutions across education, business, and government sectors. With the patented Mediasite enterprise video platform, the company serves over 3,800 customers in 65 countries, transforming communication, training, education, and events.
Sonic Foundry has been recognized by Aragon Research, Frost & Sullivan, Forrester, and Gartner as a leader/challenger in various segments, showcasing their industry expertise and innovative solutions.
Recently, Sonic Foundry announced a definitive agreement with Enghouse Systems Limited for the acquisition of its Mediasite business, representing a significant development in the company's growth trajectory.
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Sonic Foundry (SOFO) successfully completes the sale of its Mediasite product and service business to Enghouse Systems Ltd for US$15.5 million in cash. Stockholders voted in favor of the sale, leading to a strategic shift towards new emerging businesses Vidable® and Global Learning Exchange®. CEO Joe Mozden, Jr. expresses confidence in Enghouse's stewardship of the Mediasite brand.
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Enghouse Systems Limited (TSX: ENGH) has completed the acquisition of Mediasite SaaS video recording and streaming business from Sonic Foundry, Inc. (OTC: SOFO). The acquisition will expand Enghouse's presence in the Japanese market and enhance its suite of SaaS video software solutions, particularly in the education and event enterprise sectors.
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Sonic Foundry, Inc. (SOFO) announced financial results for the fourth quarter and fiscal year ended September 30, 2023. Total revenue for Q4 was $5.6 million, gross margin was 58%, and net loss was $3.7 million. Fiscal year 2023 saw total revenues of $22.1 million, gross margin at 58%, and a net loss of $19.3 million.
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Sonic Foundry, Inc. (SOFO) has reached a definitive agreement to sell its Mediasite product and service business to Enghouse Systems Ltd. for US$ 15.5 million in cash. The transaction is subject to approval by Sonic Foundry shareholders and certain closing conditions. The acquisition is expected to be completed in the first quarter of 2024.
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Enghouse Systems Limited (TSX: ENGH) and Sonic Foundry, Inc. (OTC: SOFO) have entered into a definitive agreement for Enghouse to acquire the Mediasite business of Sonic Foundry for US$15.5 million in cash. The transaction is subject to approval by Sonic Foundry shareholders and certain closing conditions, expected to be completed in the first quarter of 2024.
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Sonic Foundry, Inc. (NASDAQ: SOFO) received a final delisting notice from Nasdaq due to failure to meet the minimum bid price and stockholders' equity requirements. The delisting will be effective on December 5, 2023. CEO Joe Mozden, Jr. expressed disappointment but remains committed to the company's long-term growth strategy.
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Sonic Foundry, Inc. has launched its flagship product, the Vidable platform, which uses AI-powered solutions to improve the usability and value of enterprise video libraries. The platform incorporates three key features: Assistant, Insights, and Transformations. Assistant provides real-time support and search capabilities, Insights analyzes video content to produce data metrics, and Transformations enhances video production quality. The platform prioritizes data security and confidentiality.
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Sonic Foundry's Global Learning Exchange partners with Virtual Internships to provide students with remote internships in their chosen field
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Sonic Foundry's Global Learning Exchange (GLX) has partnered with UNINETTUNO to provide students with affordable access to degree programs.
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Sonic Foundry CEO invited to present at conference on Emerging Growth in A.I.
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FAQ
What does Sonic Foundry specialize in?
Sonic Foundry specializes in video capture, management, and webcasting solutions for the education, business, and government sectors.
How many customers does Sonic Foundry serve?
Sonic Foundry serves over 3,800 customers in 65 countries.
What is the Mediasite enterprise video platform?
The Mediasite platform is Sonic Foundry's patented technology that transforms communication, training, education, and events for their customers.
What recent recognition has Sonic Foundry received?
Sonic Foundry has been recognized by Aragon Research, Frost & Sullivan, Forrester, and Gartner as a leader/challenger in various segments.
What recent agreement has Sonic Foundry entered into?
Sonic Foundry recently entered into a definitive agreement with Enghouse Systems Limited for the acquisition of its Mediasite business.
Where is Sonic Foundry headquartered?
Sonic Foundry is headquartered in Madison, Wisconsin.
When was Sonic Foundry founded?
Sonic Foundry was founded in 1991.
What are Sonic Foundry's key brands?
Sonic Foundry's key brands include Mediasite, Video Solutions, Vidable, and Global Learning Exchange, trusted by educational institutions, corporations, and healthcare organizations globally.
What is Sonic Foundry's mission?
Sonic Foundry is dedicated to transforming how the world works and learns through innovative and scalable technology solutions.
How can I learn more about Sonic Foundry?
For more information, visit Sonic Foundry's website at www.sonicfoundry.com.
Sonic Foundry, Inc.
OTC:SOFO
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3.64k
4.96M
59.19%
0.43%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
United States of America
Madison