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MADISON, Wis. - April 20, 2011 - Sonic Foundry, Inc.(NASDAQ: SOFO), the recognized market leader for rich media webcasting, lecture capture and knowledge management, today announced the appointment of Michael Janowiak to its Board of Directors.
Janowiak's election fills a vacancy that was created by the appointment of former independent Board Member Gary Weis as Chief Executive Officer. With Janowiak serving as an additional independent director, the company can regain compliance with the majority independent board requirements set forth in NASDAQ Listing Rule 5605(b)(1).
Michael Janowiak is a Principal at Pinnacle Investments, a boutique private equity and financial consulting group. He holds 26 years of experience in the information industry, with focus on education, training, research publications and trade conferences for professionals in the communications and semiconductor sectors. Janowiak was President of the International Engineering Consortium (IEC)'s online learning and publishing group, where in concert with academia and companies such as Microsoft he led product development at the cutting edge of online training and education. He was a co-founder and Principal of Professional Education International (PEI), a group that led conference planning and market research for IEC all over the world, including USA, Canada, England, France, Brazil, Germany, Korea, Japan, and China. Janowiak founded the publishing, research report and online learning divisions of IEC, which grew from inception to major standalone revenue-generating entities within the larger business. He served on the Board of Directors of Mercury Air Group from September 2002 until September 2005, the Advisory Board of the Midtown Foundation since January 2001, as Industry Advisor to the Illinois Institute of Technology since January 1999, as the Subsidiary Director of CIB Marine Bancshares since November 2001, as member of Liquio Corporation since August 2002, and as member of the Advisory Board of Idynta Systems since December 2001. Janowiak is also co-founder and president of HRDRive, Inc., which is the North American subsidiary of SMR technologies, a publicly-traded, human resources software company based in Kuala Lampur, Malaysia and Chennai, India.
Janowiak will serve as a director for a term expiring in the year 2012.
About Sonic Foundry®, Inc.
Sonic Foundry (NASDAQ: SOFO) is the trusted market leader for enterprise webcasting solutions, providing video content management and distribution for education, business and government. Powered by the patented Mediasite webcasting platform and webcast services of Mediasite Events, the company empowers people to advance how they share knowledge online, using video webcasts to bridge time and distance, enhance learning outcomes and improve performance.
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