Sonic Foundry Named Finalist in Best of 2008 Elearning! Awards for Second Consecutive Year

MADISON, Wis. - November 17, 2008 - Sonic Foundry, Inc. (NASDAQ: SOFO), the recognized market leader for rich media webcasting and knowledge management, today announced that Mediasite has been named a finalist in the Best of 2008 Elearning! Awards in four of the thirteen product categories including Best Virtual Classroom, Best Presentation Tool and Best Mobile Learning Solution.

"Hundreds of elearning executives and professionals worldwide have nominated and selected these products as Best of Elearning! for 2008," said Catherine Upton, publisher of Elearning! Magazine. "There is no greater honor than to be recognized by the executives and business managers who use your products and services. Elearning! Magazine congratulates Sonic Foundry on being nominated in multiple categories."

Now in its fourth year, the program is the only Readers' Choice Award for the elearning market. Mediasite will be featured in the winter edition of Elearning! Magazine published in January 2009, along with the finalists and winners of each product category.

Since its introduction in 2003, Sonic Foundry's Mediasite has set the standard as a transformational communication medium for delivering critical information and sharing knowledge. The patented Mediasite webcasting and knowledge management system quickly and cost-effectively automates the capture, management, delivery and search of rich media presentations that combine audio, video and accompanying graphics for live or on-demand viewing.

About Elearning!
Elearning! Magazine, e-zine, Elearning! E-News, Elearning! Alert, Elearning! Virtual Trade Show and website are produced by B2B Media Company, a privately held trade publishing and electronic media company. Elearning! brands are produced by B2B Media Company's trade publishing unit. To learn more, visit www.elearning.b2bmediaco.com.