Sonic Foundry’s Global Learning Exchange Announces Partnership with Penn Foster Group

Sonic Foundry, Inc. (NASDAQ: SOFO), the trusted leader in video capture, management and streaming solutions, today announced that its Global Learning Exchange (GLX) business, which provides students around the world with affordable access to top-tier online learning solutions coupled with local support resources, has partnered with Penn Foster Group, a renowned leader in online education. This partnership will provide Global Learning Exchange students with a greater variety of program options while enabling Penn Foster Group to expand its global footprint and reach students in several emerging markets around the world.

Penn Foster Group boasts over 100 years of history in the education field and harnesses that extensive experience to deliver high-quality online education in a broad range of high school, career skills training, and college-level programs. With a longstanding commitment to excellence and a custom-built online learning environment, Penn Foster Group delivers the tools and resources to empower learners on their journey to success.

Sonic Foundry CEO Joe Mozden, Jr. expressed enthusiasm about the partnership, commenting, “We are thrilled to join forces with Penn Foster Group in our mission to democratize education and empower learners around the world to achieve their full potential. Our shared dedication to student-focused innovation in online learning aligns seamlessly, and our whole team is impressed by the range of programs and extensive support resources that Penn Foster Group makes available throughout each student's educational journey. This partnership marks a significant stride towards Global Learning Exchange’s mission of delivering a greater variety of high-quality online education options to students and professionals around the world.”

Penn Foster Group General Manager Stacy Caldwell added, “Penn Foster Group has helped learners discover their own unique pathways to opportunity, and we are excited to expand our programs even further through our partnership with GLX. Access is at our core, and this partnership will help widen our global footprint, opening doors to learners who would not otherwise have education opportunities.”

Global Learning Exchange launched its inaugural program in the Bahamas in 2022 and is currently focused on expanding into African markets. The launch of GLX Hubs in Johannesburg, South Africa, Abuja, Nigeria, and Benin City, Nigeria, in August of this year underscores its commitment to reaching learners in underserved regions around the world.