MADISON, Wis. — March 5, 2020 — Sonic Foundry, Inc. (OTC Pink Sheets: SOFO) (“Sonic Foundry or the “Company”) announced today that its Special Committee of Independent and Disinterested Directors (“Special Committee”) has retained Silverwood Partners LLC, a Boston-based investment banking firm specializing in digital media technology, to evaluate strategic alternatives for Sonic Foundry and its Mediasite video streaming and video management solutions business (“Mediasite”). For more information, please contact Jonathan Hodson-Walker, Managing Partner at 508-651-2194 or by email at jhw@silverwoodpartners.com.
“Mediasite is a market leader in the development of industry-leading solutions for the capture and streaming of video over enterprise, broadband and mobile networks,” stated David Slayton and Nelson Murphy, members of the Special Committee. “In order to take full advantage of the market opportunity and maximize Mediasite’s business potential, we plan to review the full range of strategic alternatives that better position Mediasite for a new phase of growth and that realize the full value of Mediasite for the benefit of Sonic Foundry’s shareholders.”
Silverwood Partners is a specialized investment bank that provides mergers & acquisitions and growth equity private placement advisory services to media technology, consumer products, business services and healthcare companies.
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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