Sonic Foundry, Inc. (Sonic Foundry) is in the business of developing automated media application software and systems. The Company operates in the Web communications marketplace, providing enterprise solutions and services. The Company’s principal product line, Mediasite, is the Webcasting platform, which automates the recording, management, delivery and search of lectures, online training and briefings. The Mediasite solution family includes Mediasite Recorders to capture multimedia presentations; Mediasite EX Server Platform to stream, archive and manage online presentation content; Sonic Foundry Services to provide hosting, event Webcasting, training, installation and custom development, and Mediasite Customer Assurance to provide annual software maintenance and technical support. As of September 30, 2008, the Company had approximately 3,000 Mediasite Recorders installed in presentation venues around the world.