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Sonic Foundry - SOFO STOCK NEWS

Welcome to our dedicated page for Sonic Foundry news (Ticker: SOFO), a resource for investors and traders seeking the latest updates and insights on Sonic Foundry stock.

Sonic Foundry (NASDAQ: SOFO) delivers enterprise video solutions powering communication and learning for education, government, and Fortune 500 clients. This news hub provides investors and professionals with comprehensive updates on strategic developments including the recent Mediasite business acquisition agreement with Enghouse Systems.

Access official announcements covering financial results, product innovations, and leadership recognitions from analysts including Gartner and Forrester. Track updates on the patented Mediasite platform trusted by 3,800+ organizations across 65 countries. Discover how SOFO’s video webcasting solutions continue transforming corporate training, virtual events, and educational delivery worldwide.

Stay informed about operational milestones through verified press releases and corporate communications. Bookmark this page for direct access to source materials supporting investment research and market analysis.

News

Sonic Foundry Announces Sale of Mediasite Business to Enghouse Systems

Rhea-AI Summary
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 Completes Acquisition of Mediasite

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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 Announces Fourth Quarter and Fiscal Year 2023 Results

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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 Announces Agreement to Sell its Mediasite Business to Enghouse Systems

Rhea-AI Summary
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 Signs Agreement to Acquire Mediasite

Rhea-AI Summary
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 Announces Delisting from Nasdaq

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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’s Vidable® Launches AI Video Platform

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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™ Announces Partnership with Virtual Internships

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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™ Announces Partnership with UNINETTUNO

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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 to Participate in the Virtual Tech Conference Series: Emerging Growth in A.I., Presented by Maxim Group LLC on Tuesday, September 26th and Wednesday, September 28th at 8:00am ET

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Sonic Foundry CEO invited to present at conference on Emerging Growth in A.I.
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