Sonic Foundry in magic quadrant for enterprise video content management

Tuesday, October 22, 2013

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader for video content management and webcasting solutions, today announced it has been positioned by Gartner, Inc. in the first Magic Quadrant for Enterprise Video Content Management*.

Gartner defines enterprise video content management as "software, appliances or software as a service (SaaS) intended to manage and facilitate the delivery of one-to-any on-demand video across Internet protocols." This report focuses on vendors that pursue internal, worker-facing video installations as a key part of their business.

“We believe the inclusion of Sonic Foundry in the first Magic Quadrant on the space is testament to our vision of providing the most comprehensive video management and distribution platform,” said Gary Weis, chief executive officer of Sonic Foundry. “As video creation and consumption grows at an ever increasing pace, we are gratified to provide our customers with the solutions they need to achieve scalable, streamlined initiatives.”

According to the report, inquiries related to enterprise video content management continue to rise, and vendor revenue growth in this category is significant. Gartner projects that by 2016, large companies will stream more than 16 hours of video per worker per month, up from 7.2 hours in 2010.

Mediasite Enterprise Video Platform is an advanced, open and integrated approach to any enterprise strategy for creating, managing and distributing all video-based content. Mediasite is used by educational institutions for campus-wide academic video; corporations and government to stream executive communications, marketing and online training; and meeting and event professionals to create hybrid events and virtual meetings.

Trusted by more than 2,600 customers worldwide, Mediasite quickly and cost-effectively automates the capture, management, delivery and search of live and on-demand streaming videos and rich media presentations.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

*Gartner, Magic Quadrant for Enterprise Video Content Management, by Whit Andrews, 26 September 2013

About Sonic Foundry®, Inc.

Sonic Foundry (NASDAQ: SOFO) is the trusted market leader for enterprise webcasting solutions, providing video content management and distribution for education, business and government. Powered by the patented Mediasite webcasting platform and webcast services of Mediasite Events, the company empowers people to advance how they share knowledge online, using video webcasts to bridge time and distance, enhance learning outcomes and improve performance. http://www.sonicfoundry.com/