Gary Weis, CEO of Sonic Foundry, Inc., bought 2,374 shares of Sonic Foundry, Inc. (SOFO: 2,374) at $9.92 per share for a total amount of $23,600 thousand on March 6, 2014
Sonic Foundry, Inc. is located in Madison, WI.
March 12, 2014, Sonic Foundry, Inc. announced Mediasite MultiView, a new multi-format video capture feature from Sonic Foundry, Inc. (SOFO), the trusted leader for video content management and webcasting solutions, will allow Bloomsburg University of Pennsylvania to uniquely capture and stream multi-perspective videos of classroom projects and faculty research.
February 6, 2014, Sonic Foundry, Inc. announced its latest quarterly results. Revenues were $7.2 million, up 10 percent from the first quarter of fiscal 2013. Gross margin was 75%.
Product and other revenue was $2.9 million for both fiscal first quarters. Services revenue were $4.3 million, up 19 percent from $3.6 million in the first quarter of fiscal 2013. Support and maintenance revenue were $2.1 million, an increase of 8 percent over the first quarter of fiscal 2013. Event services and hosting revenue were $2.2 million, an increase of 31 percent over the first quarter of fiscal 2013
According to Capital IQ, Sonic Foundry, Inc. has a market cap of $42.74 million, an enterprise value of $41.25 million.
Sonic Foundry, Inc. provides enterprise solutions and services for the Web communications market in the United States, Europe, the Middle East, Asia, and internationally. It offers Mediasite Enterprise Video Platform, a system to deliver live and on-demand interactive video to any user on any screen; Mediasite Cloud for video streaming and content management projects; Mediasite Events that delivers turnkey video streaming for hybrid and live events; and Mediasite Services, such as advanced integration, installation, and training services that enable organizations to maximize their return on video. The company also provides Mediasite Capture Solutions comprising Mediasite RL Recorders, an automated and schedule-based content capture speeds user adoption, cuts publishing delays, and minimizes support requirements for live and on-demand streaming; My Mediasite that empowers faculty, trainers, staff, and students to create and share video, training modules, lectures, or assignments; and Mediasite ML Recorders for on-the-go Webcasting, hybrid events, guest speakers, and conferences. In addition, it offers Mediasite Customer Assurance that provides maintenance and technical support services; and content hosting and event services. The company markets its products to educational institutions, corporations, and government agencies through reseller networks and partnerships with system integrators. Sonic Foundry, Inc. was founded in 1991 and is headquartered in Madison, Wisconsin.
Gary Weis’ most recent annual compensation from Sonic Foundry, Inc. is a salary of $454,080, $6,986 in other compensation, and a total compensation of $461,066. Mr. Gary Weis is 65 years old.
According to his biography, Mr. Gary R. Weis is Chief Executive Officer, Chief Technology Officer, Director of Sonic Foundry, Inc. Prior to joining Sonic, he served as President, Chief Executive Officer and a Director of Cometa Networks, a wireless broadband Internet access company from March 2003 to April 2004. From May 1999 to February 2003 he was Senior Vice President of Global Services at AT&T. While at AT&T, Mr. Weis also was CEO of Concert, a joint venture between AT&T and British Telecom. Previously, from January 1995 to May 1999 he was General Manager of IBM Global Services, Network Services. Mr. Weis served as a Director from March 2001 to February 2003 of AT&T Latin America, a facilities-based provider of telecom services in Brazil, Argentina, Chile, Peru and Columbia. Mr. Weis earned BS and MS degrees in Applied Mathematics and Computer Science at the University of Illinois, Chicago.
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