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Sonic Foundry’s Global Learning Exchange™ Announces Partnership with the Read and Earn Federation for UNESCO to Develop New Education and Skills Training Program in Nigeria
Rhea-AI Impact
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Rhea-AI Sentiment
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Tags
partnership
Rhea-AI Summary
Sonic Foundry, Inc. (NASDAQ: SOFO) has announced a partnership with the Read and Earn Federation for UNESCO to launch an education and skills development program in Nigeria. This partnership aims to provide affordable access to online learning solutions for students and workers in Nigeria. The initiative will support the establishment of Global Learning Exchange Hub facilities to enhance the educational environment. The program aligns with the UN Sustainable Development Goals and seeks to expand into other African and emerging markets.
Positive
Partnership with UNESCO REF to enhance education in Nigeria.
Launch of Global Learning Exchange Hub facilities to support educational access.
Focus on affordable online learning solutions for students and workers.
Sonic Foundry CEO Joe Mozden, Jr. said, “The entire Global Learning Exchange team is honored to partner with Prince Abdulsalami and UNESCO REF on the development of a ground-breaking higher education program for Nigerian students. We are united in our belief that every student and worker in the world should have the right to reach their full potential, and we believe that together we can take a big step toward providing affordable and accessible education opportunities in Nigeria and, ultimately, throughout West Africa.”
President of UNESCO REF Prince Abdulsalami Ladigbolu commented, “In addition to providing Nigerian students and workers with affordable access to a variety of global education and skills development programs, the partnership between UNESCO REF and Global Learning Exchange will support the launch of multiple GLX Hub facilities in Nigeria. These facilities will provide Global Learning Exchange students with a positive study environment, access to technology, and a variety of academic and career development support resources.”
The Global Learning Exchange-UNESCO REF partnership will operate under the umbrella of The August Project (TAP), a UNESCO REF initiative supported by the Office of the Senior Special Assistant to the President on Sustainable Development Goals (OSSAP-SDGs), and will aim to support the realization of United Nations Sustainable Development Goals (SDGs) in Nigeria. More information on the UN SDGs can be accessed here.
Global Learning Exchange™ launched its inaugural program in the Bahamas in July and is currently focused on partnership development to support the launch of additional programs in Africa and in several other emerging markets around the world. GLX representatives are currently in discussion with potential qualified university partners in the US, UK, and Australia and with potential local partners in Africa, Central Asia, and Southeast Asia.
Additional information on Global Learning Exchange can be accessed here.
About Sonic Foundry
Sonic Foundry (NASDAQ: SOFO) is the global leader for video capture, management, and streaming solutions as well as virtual and hybrid events. Trusted by thousands of educational institutions, corporations, health organizations and government entities in over 65 countries, Sonic Foundry’s solutions include Mediasite®, Mediasite Connect, Vidable™ and Global Learning Exchange™. Learn more at www.sonicfoundry.com.
This news release contains forward-looking statements about the products and services of Sonic Foundry within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements about our products and services, our customer base, strategic investments, new partnerships, our future operating results, and any statements we make about the company’s future. These types of statements address matters that are subject to many risks and uncertainties. Actual results could differ materially from the forward-looking guidance we provide. Any forward-looking statements should be considered in context of the risk factors disclosed in our periodic forms 10Q, 10K and other filings with the SEC. These filings can be accessed on-line at www.sec.gov and other websites or can be obtained from the company’s investor relations department. All of the information and disclosures we make in this news release regarding our business, including any forward-looking guidance, are as of the date given and we assume no obligation to update or change this information, regardless of subsequent events.
What is the partnership between Sonic Foundry and UNESCO about?
Sonic Foundry's partnership with UNESCO aims to launch an education and skills development program in Nigeria, focusing on affordable online learning.
How will the partnership benefit students in Nigeria?
The partnership will provide Nigerian students with access to affordable education and the establishment of GLX Hub facilities for academic support.
What is the significance of the Global Learning Exchange program?
The Global Learning Exchange program supports accessibility to quality education and aligns with the UN Sustainable Development Goals.
What impact could this partnership have on Sonic Foundry's stock (SOFO)?
The partnership may enhance Sonic Foundry's market presence and growth potential in the education sector, potentially benefiting its stock performance.
When was the partnership between Sonic Foundry and UNESCO announced?
The partnership was announced recently, with a focus on launching the program in Nigeria.
