Sonic Foundry Inc was incorporated in Maryland in March 1994. The Company is engaged in the business of providing enterprise solutions and services for the web communications market. It also provides webcasting, lecture capture and knowledge management solutions for higher education institutions, businesses and government agencies. The Company include Mediasite Recorders for capturing multimedia presentations, Mediasite EX Server platform for streaming, archiving and managing online presentation content, Mediasite Events for turnkey meeting, conference and event webcasting services based on the Mediasite platform, Mediasite Services for hosting, installation, training and custom development, Mediasite Customer Assurance for annual hardware and software maintenance and technical support. In the lecture capture and webcasting market it faces competition from various companies that provide related, but different, communication technologies. These include Web conferencing solutions (e.g. Adobe, Cisco/WebEx, Microsoft and Citrix), Video conferencing solutions, Authoring tools, and online video services and virtual meeting platforms.