Company achieves 1,363 percent revenue growth in five years
MADISON, Wis., Oct. 25 /PRNewswire-FirstCall/ — Sonic Foundry(R) Inc. (NASDAQ:SOFO) , a leader in automated rich media communications technology, has been named one of Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest-growing technology, media and entertainment, telecommunications and life sciences companies in the United States and Canada.
“The fast-paced growth of this year’s Fast 500 winners indicates that they are nimble and highly innovative. These are key success factors in such a competitive environment,” said Phil Asmundson, vice chairman, U.S., Technology, Media and Telecommunications, Deloitte & Touche USA LLP. “Numerous technology advances, the ubiquitous digitization of data, borderless enterprises, growth in connectivity and faster adoption rates are creating new opportunities for Fast 500 winners to challenge old business models with original ideas.”
“Our continued inclusion in Deloitte’s Technology Fast 500 is a testament to our ability to consistently deliver on our vision for transforming how organizations share knowledge online,” said Rimas Buinevicius, chairman and CEO of Sonic Foundry. “Our leadership position in the growing web communications marketplace correlates with our passionate user community and consistent innovation on our proven medium for creating online training, education and professional development.”
Now in its 13th year, Deloitte’s Technology Fast 500 winners are selected from nominations and extensive research. The list is compiled from Deloitte’s 16 regional North American Fast 50 programs. Nominations are submitted directly to the Fast 500, and public company database research. Announced each fall, winners are selected based on percentage of fiscal year revenue growth from 2002 to 2006. Sonic Foundry was also named to the Fast 500 list in 2000, 2001 and 2002.
About Sonic Foundry(R), Inc.
Founded in 1991, Sonic Foundry (NASDAQ:SOFO) is a technology leader in the emerging rich media communications marketplace, providing enterprise solutions and services that link an information driven world. Sonic Foundry is named on Ziff Davis Media’s Baseline Magazine’s list of the top ten fastest- growing software companies with sales under $150 million. Voted Best Webcasting Platform and Best Webcasting Appliance in the Streaming Media Magazine Readers’ Choice Awards, the company’s solutions are trusted by Fortune 500 companies, education institutions and government agencies for a variety of critical communication needs. Sonic Foundry is changing the way organizations communicate via the Web and how people around the globe receive vital information needed for work, professional advancement, safety and education. Sonic Foundry is based in Madison, WI. For more information about Sonic Foundry, visit the company’s Website at http://www.sonicfoundry.com/.
Certain statements contained in this news release regarding matters that are not historical facts may be forward-looking statements. Because such forward-looking statements include risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, uncertainties pertaining to continued market acceptance for Sonic Foundry’s products, its ability to succeed in capturing significant revenues from media services and/or systems, the effect of new competitors in its market, integration of acquired business and other risk factors identified from time to time in its filings with the Securities and Exchange Commission.
First Call Analyst:
Source: Sonic Foundry Inc.