Sonic Foundry is a video technology company whose flagship product, Mediasite, captures, manages, and distributes video content — primarily for higher education institutions, but also for corporations, healthcare organizations, and government entities. Mediasite combines hardware recorders (which automate video capture in classrooms and conference rooms) with a software and SaaS platform for managing, indexing, and streaming recorded content. Sonic Foundry sells Mediasite through a network of resellers and system integrators, with some direct sales to large universities. Revenue comes from hardware sales, on-premises software licenses, recurring SaaS subscriptions via Mediasite Cloud, annual customer care contracts, and professional services. The company has been shifting its mix toward SaaS and multi-year cloud agreements to improve revenue predictability. As of January 2024, Sonic Foundry agreed to sell Mediasite to Enghouse Systems for $15.5M. After that sale, Sonic Foundry's remaining businesses will be Vidable — an early-stage AI platform that turns video libraries into searchable knowledge bases — and Global Learning Exchange, a network of physical hubs in emerging markets (Bahamas, Nigeria, South Africa) that connects students to university degree programs through partnerships with U.S. and EU universities.