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Sonic Foundry to Acquire MediaMission

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Sonic Foundry (NASDAQ: SOFO) announced today that the company has entered into non-binding
term sheets to acquire MediaMission, and to purchase the remaining
shares of stock in Mediasite K.K., the market leading education and
enterprise video providers in the Netherlands and Japan. With these
agreements, Sonic Foundry expects to significantly expand its global
market reach in Europe and the Asia-Pacific region, and accelerate the
company's commitment to enterprise video communications world-wide.

Sonic Foundry, which has seen a 25% growth in international billings,
believes the acquisition of MediaMission will provide operational
synergies between the combined organizations by leveraging a larger

See full press release

Posted-In: News Guidance Contracts M&A Global

 

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