Sonic Foundry Announces Sale of Mediasite Business to Enghouse Systems
Sonic Foundry, Inc. (SOFO)
US:NASDAQ Investor Relations:
sonicfoundry.com/about/investors
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Source: Business Wire
Sale of Mediasite will allow Sonic Foundry to focus on new emerging businesses MADISON, Wis.--(BUSINESS WIRE)--Sonic Foundry, Inc. (OTC: SOFO), the trusted leader in developing comprehensive video recording and streaming solutions for corporations, health care organizations and government entities today announced that it has successfully completed the sale of its Mediasite product and service business to Enghouse Systems Ltd. Mediasite will become part of Enghouse’s Interactive Management Group which provides scalable video management solutions to thousands of businesses, educational institutions, and other organizations around the world.Sonic Foundry stockholders voted in favor of the sale during a special meeting of stockholders which took place on February 6, 2024, and the transaction closed on February 9, 2024. As part of the deal, Sonic Foundry sold the assets of its Mediasite business including its Japanese and Dutch subsidiaries for US$ 15.5 million in cash (subject to certa
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Sec Filings
- 3/22/24 - Form 8-K
- 3/14/24 - Form 8-K
- 3/8/24 - Form 8-K
- SOFO's page on the SEC website