"Sonic Foundry has always taken our customers and us seriously when we give feedback on how we use Mediasite here in Europe. They take time to listen and understand our specific requirements and we see our feature requests come into the product update after update,” said Tom van Buren, co-founder, MediaMission. “We look forward to having the opportunity to work even more closely with the dedicated, passionate and talented technical team at Sonic Foundry to bring more exciting improvements to products and services that are geared to our European market.”“Working beside MediaMission for the past decade has been a true honor, and we look forward to welcoming them as part of our team,” said Gary Weis, Chief Executive Officer, Sonic Foundry. “Robert Jan’s and Tom’s leadership and innovation have enabled MediaMission to redefine academic and enterprise video in the Netherlands, and the company shares our vision of creating world-class customer experiences as we take on new global markets.” Terms Sonic Foundry will pay €1.1 million for all the outstanding stock in MediaMission Holding B.V., comprised of €330,000 cash, €495,000 subordinated note payable over three years and €275,000 in shares of Sonic Foundry stock. MediaMission recorded revenues for the year ended December 31, 2012 of €1.3 million with pretax income of €32,000. Had the acquisition of MediaMission occurred on or before January 1, 2012, Sonic Foundry would have recorded approximately $1.0 million of additional revenue, during the calendar year ended December 31, 2012. Additional details will be found in Sonic Foundry’s Annual Report on Form 10-K, which will be filed in December 2013. The transaction, which is subject to execution of a definitive stock purchase agreement and customary closing conditions, is expected to close within the next 45 days. Investor Webcast Sonic Foundry will discuss this announcement and its acquisition of Mediasite K.K. during its quarterly investor webcast today at 3:30 p.m. CT/4:30 p.m. ET. To access the presentation, go to sonicfoundry.com/earnings. An archive of the conference call will be available for 90 days. About MediaMission The first European reseller for Mediasite by Sonic Foundry, MediaMission ( www.mediamission.nl) is a master distributor of Mediasite for The Netherlands based in De Bilt. In the last decade MediaMission has enabled Mediasite use at more then twenty higher education institutions including 10 universities. Together with clients, partners and preferred suppliers, the company innovates existing infrastructure and assets for the easy production, distribution and use of rich video. Because of it’s wide knowledge of education, information transmittal, IT and comparative media studies, MediaMission is in a unique position to make implementations of large scale rich media presentations possible. 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. © 2013 Sonic Foundry, Inc. Product and service names mentioned herein are the trademarks of Sonic Foundry, Inc. or their respective owners.