MADISON, Wis. — July 30, 2014 — Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader for video creation and management solutions, today announced that it has been recognized with Frost & Sullivan’s 2014 Global Market Share Leadership Award in Lecture Capture Solutions. This is the seventh consecutive year Sonic Foundry has received this recognition.
Sonic Foundry captured the highest market share of revenue in the lecture capture industry, according to Frost & Sullivan analysts. The analyst firm estimates the size of the lecture capture solutions market at approximately $162 million in 2013, more than double the 2011 size of $70 million.
According to the report’s author, Frost & Sullivan Industry Principal Avni Rambhia, Sonic Foundry’s strengths include deep customer satisfaction and loyalty; worldwide brand visibility from globally extensive channel partnerships; good search capabilities and effective analytics; agile BYOD-friendly features; deep integration capabilities with all leading course management, learning management and video conferencing systems; and relevant and innovative products.
“Mediasite remains the leading lecture capture solution globally for its outstanding ability to scale with programs as they grow and tremendous ease of use,” said Mukul Krishna, global director of Frost & Sullivan’s Digital Media Practice. “The leadership, maintained over the last seven years, is directly linked to the company’s excellent product strategy, partnerships and intelligent global expansion. Frost & Sullivan is proud to once again present the Global Market Share Leadership Award in Lecture Capture Solutions to Sonic Foundry.”
“We’re continually innovating how colleges and universities capture and manage the knowledge shared on campus, and this award reflects our dedication to pioneering solutions that take our customers and their video deployments into the future,” said Gary Weis, Sonic Foundry chief executive officer. “It’s an honor to be recognized for the seventh straight year by Frost & Sullivan.”
Mediasite by Sonic Foundry is the video management, lecture capture and academic webcasting platform of choice for 1,250 colleges and universities in 58 countries. Last year more than 2 million hours of academic video were created with Mediasite, receiving 30 million views. With Mediasite, faculty flip classrooms and capture in-class instruction, students report better grades and schools successfully expand their competitive online programs.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
About Sonic Foundry®, Inc.
Founded in 1991 and headquartered in Madison, Wis., Sonic Foundry (OTC: SOFO) is dedicated to transforming how the world works and learns through innovative and scalable technology solutions. Sonic Foundry’s brands include Vidable® and Global Learning Exchange® which help unlock a smarter, more connected world for learners, workers, and entrepreneurs everywhere. For more information visit www.sonicfoundry.com.
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