Sonic Foundry Completes Mediasite K.K. Acquisition
MADISON, Wis. — Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader for video content management and webcasting solutions, announced that it has completed its acquisition of Mediasite K.K., the market leading enterprise video providers in Japan.
This announcement follows the signing of the definitive stock purchase agreement with the shareholders of Mediasite K.K. to acquire the remaining interest in the company, as well as the completion of the acquisition of MediaMission in December.
Both Mediasite K.K. and MediaMission will be operated from their current headquarters.
The first European reseller for Mediasite by Sonic Foundry, MediaMission (www.mediamission.nl) is a master distributor of Mediasite for The Netherlands based in De Bilt. In the last decade MediaMission has enabled Mediasite use at more than twenty higher education institutions including 10 universities. Together with clients, partners and preferred suppliers, the company innovates existing infrastructure and assets for the easy production, distribution and use of rich video. Because of its wide knowledge of education, information transmittal, IT and comparative media studies, MediaMission is in a unique position to make implementations of large scale rich media presentations possible.
About Mediasite K.K.
Mediasite K.K. is a strategic partner of Sonic Foundry and the sole distributor of Mediasite in Japan. As market leader with over 250 customers, including 100 from higher education, Mediasite K.K.’s mission is to demonstrate the power of enterprise video creation and management to more organizations in Japan.
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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