Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, November 21, 2013

BRIEF-Sonic Foundry agrees to acquire Mediamission, (NCM: SOFO)

Sonic Foundry Inc : * Agrees to acquire mediamission, a Netherlands enterprise video company * Says Sonic Foundry will pay EUR1.1 million for all the outstanding stock in mediamission holding b.v * Deal value comprised of EUR330,000 cash, EUR495,000 subordinated note payable

Sonic Foundry, Inc. (Sonic Foundry) is engaged in Web communications technology, providing Webcasting, lecture capture and knowledge management solutions for higher education institutions, businesses and government agencies worldwide. Shares of SOFO traded higher by 3.54% or $0.35/share to $10.25. In the past year, the shares have traded as low as $5.67 and as high as $11.43. On average, 6102 shares of SOFO exchange hands on a given day and today's volume is recorded at 2050.