Sonic Foundry Receives 2007 Frost & Sullivan Global Market Leadership Award
Company distinguishes itself by setting the pace for the lecture capture solutions market
MADISON, WI — Sonic Foundry, Inc. (NASDAQ: SOFO), a leader in automated rich media communications technology, achieved unsurpassed industry recognition and reinforced its position as the world leader in the lecture capture and broadcast solutions market today by announcing that the company has received the 2007 Frost & Sullivan Global Market Leadership Award. According to the research methodology conducted by the global growth consulting company Frost & Sullivan, Sonic Foundry has established itself as the market share leader by continually demonstrating solutions by monitoring market changes and for implementing superior market strategies.
“Sonic Foundry has set the pace for the lecture capture and broadcast solutions market. Generating revenues nearly double that of the market’s second largest vendor, the company constitutes over forty percent of a nearly $25 million dollar market—a market that is expected to more than quadruple by 2013,” said Aimee Roberts, research analyst from Frost & Sullivan. “Providing enterprise rich media communication solutions, Sonic Foundry has emerged as the first choice for many organizations seeking lecture capture. Utilizing audio and video feeds in combination with visual aids, Sonic Foundry’s flagship product Mediasite® has quickly gained recognition in a wide range of environments, from corporations to educational institutions.”
“Because Sonic Foundry has exemplified strong market penetration, Frost & Sullivan is pleased to present the company with the 2007 Global Market Leadership Award,” Roberts continued.
“Sonic Foundry exists to provide our customers with the best technology and service offerings in the market—to take them to a brave new world of rich media communications and knowledge management,” said Rimas Buinevicius, chairman and CEO of Sonic Foundry. “Our unique market expertise is validated by our success, fortifying our position as one of the world’s pre-eminent experts and suppliers of streaming, rich media, presentation content management and search solutions. We are honored to accept this prestigious award from Frost & Sullivan because it reinforces our commitment to be the world leader of knowledge capture solutions.”
Sonic Foundry will be formally recognized for this award at Frost & Sullivan’s 2008 Excellence in Information and Communications Technologies Awards Banquet on February 20th in San Antonio, Texas. For more information on the Frost & Sullivan Award for Market Leadership, visit
www.frost.com/prod/servlet/meawards.pag . To read Frost and Sullivan’s report on selecting Sonic Foundry for this award, visit
www.sonicfoundry.com/frost.
Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information, visit
www.awards.frost.com.
About Sonic Foundry ®, Inc.
Sonic Foundry (NASDAQ: SOFO, www.sonicfoundry.com) is the
global leader for rich media webcasting and knowledge management, providing enterprise communication
solutions for more than 1,500 customers in education, business and government. Powered by Mediasite,
the patented webcasting platform which automates the capture, management, delivery and search of
lectures, online training and briefings, Sonic Foundry empowers people to transform the way they
communicate. Through the Mediasite platform and its Events Services group, the company helps customers
connect a dynamic, evolving world of shared knowledge and envisions a future where learners and workers
around the globe use webcasting to bridge time and distance, accelerate research and improve performance.
Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their
respective owners.
Certain statements contained in this news release regarding matters that are not
historical facts may be forward-looking statements. Because such forward-looking
statements include risks and uncertainties, actual results may differ materially
from those expressed in or implied by such forward-looking statements. Factors that
could cause actual results to differ materially include, but are not limited to,
uncertainties pertaining to continued market acceptance for Sonic Foundry's products,
its ability to succeed in capturing significant revenues from media services and/or
systems, the effect of new competitors in its market, integration of acquired business
and other risk factors identified from time to time in its filings with the Securities
and Exchange Commission.
Tammy Kramer
608.237.8592
email
Rob Schatz
Wolfe Axelrod Weinberger Assoc. LLC
212.370.4500
email
Kristin Zurovitch
608.443.1600
email