Sonic Foundry begins construction of the first Global Learning Exchange™ hub in the Bahamas

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MADISON, Wis., April 12, 2022 (GLOBE NEWSWIRE) — Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions as well as virtual and hybrid events, today announced critical first steps in the launch of Global Learning Exchange™, an innovative solution enabling students around the world to access education in flexible, cost-effective and locally supported environments.

Earlier this month, Sonic Foundry began construction of its first-of-its-kind Global Learning Exchange™ hub in the Bahamian. Ideally located in the center Nassau and should end in July 2022, the institution will offer students an unprecedented level of support compared to other online learning solutions – including in-person admissions and registration assistance, a positive study environment, tutoring and d other academic resources – while serving as a hub for social and collaborative networks. learning activities. No distance learning program in today’s higher education market currently offers students the combination of online courses and locally supported resources.

To support the Bahamian initiative, Sonic Foundry also announced a partnership agreement with the Bahamas Institute of Business and Technology (BIBT), which will join forces with Sonic Foundry to begin enrolling students this summer.

“Having dedicated my career to preparing Bahamians to succeed in the global marketplace, I am thrilled at the opportunity to partner with Global Learning Exchange,” said BIBT President Dr. Deswell Forbes. “Together, we can have a meaningful impact on the future of our young people and our country by providing affordable, world-class online educational opportunities in a local environment with all the necessary study support and resources. acts as an important step in enabling Bahamians to achieve personal and professional success at every level imaginable nationally and internationally.I am confident that this innovative educational model can remove barriers to achieving a fulfilling higher education experience for students. ”

Besides, Sonic Foundry is in the process of entering into agreements to provide students with a wide variety of choices from public and private universities around the world. To date, the company has entered into memorandums of understanding with five universities in the United States, UKand Australia, which he intends to sign this spring. In the coming months, Global Learning Exchange™ will focus on partner-led hub development projects in a number of emerging global markets. This disruptive model will provide unprecedented levels of access, choice and support – as well as relevant local pricing – to students in many countries where demand for higher education is growing rapidly amid limited enrollment opportunities.

“Millions of students lack access to higher education, despite the huge amount of educational content online,” said Joe MozdenJr., CEO of Sonic Foundry. “Global Learning Exchange enables us to democratize education by providing students with access to world-class education in a locally supported, affordable and community-centered environment. This is the future of global education.

You can get more information about Global Learning Exchange™ here. For the last on Sonic Foundry new growth initiatives, listen to the latest shareholder meeting here.

On Sonic Foundry

Sonic Foundry (NASDAQ: SOFO) is the global leader in solutions for capturing, managing and streaming video as well as virtual and hybrid events. Trusted by thousands of educational institutions, businesses, healthcare organizations and government entities in more than 65 countries, Sonic Foundry’s solutions include Mediasite®, Mediasite Connect, Vidable™ and Global Learning Exchange™ . Learn more at www.sonicfoundry.com.

© 2022 Sonic Foundry, Inc. Product and service names mentioned herein are trademarks of Sonic Foundry, Inc. or their respective owners.

Forward-looking statements

This press release contains forward-looking statements about the products and services of Sonic Foundry within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements about our products and services, customer base, strategic investments, new partnerships, results future operations, and any statements we make about the future of the business. These types of statements relate to matters subject to numerous risks and uncertainties. Actual results could differ materially from the forward-looking guidance we provide. Any forward-looking statements should be considered in the context of the risk factors disclosed in our periodic Forms 10Q, 10K and other filings with the SEC. These documents may be viewed online at www.sec.gov and other websites or may be obtained from the Company’s Investor Relations Department. All information and disclosures we make in this press release regarding our business, including any forward-looking guidance, are as of the date indicated, and we assume no obligation to update or change such information, regardless of event. later.

Erin Lumley
mPR on behalf of Sonic Foundry
925-899-1355
[email protected]

Source: Sonic Foundry

2022 GlobeNewswire, Inc., source Press Releases

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