Sonic Foundry Sells Mediasite Business to Enghouse

Sonic Foundry, a provider of video recording and streaming solutions, will sell the assets of its Mediasite business, including its Japanese and Dutch subsidiaries, for $15.5 million.

The Mediasite platform enables streaming, video recording, virtual meetings, polling, analytics, captioning, and more.

"We are pleased to have identified a strategic buyer for the Mediasite business. Enghouse's expertise in growing enterprise software businesses and their portfolio of complementary video communications solutions makes them a natural fit to acquire Mediasite. We firmly believe that Enghouse is the ideal partner to expand that business and serve the needs of our long-term customer base. The sale also aligns with the strategic vision I first laid out for Sonic Foundry, creating more opportunities and flexibility for us to focus on our emerging new businesses, Vidable and Global Learning Exchange," said Sonic Foundry CEO Joe Mozden, Jr., in a statement.