For the second consecutive year, top analyst firm names Sonic Foundry market leader in rapid-growth market

MADISON, Wis., July 6 /PRNewswire-FirstCall/ -- Sonic Foundry, Inc. (Nasdaq: SOFO), the recognized market leader for rich media webcasting and knowledge management, has strengthened that position with the announcement that, for the second year, Frost & Sullivan has presented the company with the World Market Leadership Award For Lecture Capture Solutions.

Market research and consulting firm Frost & Sullivan commended Sonic Foundry's consistent growth in defining, shaping and changing the face of lecture capture with Mediasite. With a customer network of more than 1,500 clients in both academic and corporate environments, Sonic Foundry contributes more than a third of the total revenues of this rapid-growth market, which is expected to triple in size in the next six years.

'Throughout the past five years, isolated classroom or departmental deployments have evolved to campus-wide webcasts, as higher education institutions embrace lecture capture as a valuable and critical piece of the learning process,' said Aimee Roberts, research analyst at Frost & Sullivan. 'Students have a greater degree of autonomy in their own learning process, reviewing content as frequently as necessary, in an easy-to-access, on-demand environment that boosts retention.'

The report states that corporate and government clients have also successfully leveraged Mediasite to enrich training, executive briefings and customer-facing content, while reducing expenditures associated with meeting face-to-face. 'As a result, Sonic Foundry not only reduces an organization's carbon footprint by minimizing corporate travel, but also improves flexibility and content congruence. Success is inevitable for Mediasite clients,' added Roberts.

'Sonic Foundry is proud to be again recognized for its dedication to excellence in multimedia presentations,' said Rimas Buinevicius, chairman and CEO of Sonic Foundry. 'This award verifies the company's value in the rich media enterprise. We look forward to deepening our existing customer relationships and breaking ground with new partners to further Mediasite's influence on today's webcasting landscape.'

The Frost & Sullivan Award for Market Leadership is given to the company that has exhibited market share leadership through the implementation of market strategy.