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Home > Company Index > Computer Software & Services > Multimedia Production, Graphics & Publishing Software > Sonic Foundry, Inc.

Sonic Foundry, Inc.
Nasdaq: SOFO
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 NEWS FROM THE STANDARD
The Music Makers
Oct 09 2000 12:00 AM PDT

 PROFILE
Sonic Foundry can hook you up with some fine ACID. The company makes software for creating, manipulating, and storing digital audio and video. Its products include the ACID suite, which arranges and plays back sound samples using PCs, and the Sound Forge suite, used to edit digital audio files. Sonic Foundry has expanded through acquisitions, including the purchase of International Image, a supplier of technical services to the television program distribution market. Struck by the double whammy of slowing PC sales and the dot-com demise, the company slashed 40% of its workforce in 2000. Co-founders Monty Schmidt (president) and Curtis Palmer (chief technology officer) each owns 23% of the company.

 COMPETITION
Avid Technology, Inc. (AVID)
Macromedia, Inc. (MACR)
RealNetworks, Inc. (RNWK)

 DEALS
Deal: Sonic Foundry to Include Ligos' Software in Software
Date Announced: 11.09.00
Value of transaction (US $Mil): 0
Description: Media software developer to include coding technology from streaming company.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 27.40
1-Yr. Sales Growth: 85.1%
Employees: 245
Revenue per employee: $111,836.73

 KEY PEOPLE
• Rimas P. Buinevicius
    CEO
• Kenneth A. Minor
    CFO

 CONTACT INFO
1617 Sherman Ave.
Madison, WI 53704
US
Phone: 608-256-3133
Fax: 608-256-7300
Online: Web Site

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