Envivio Shareholders Lawsuit Concluded
SAN FRANCISCO, CA -- (Marketwired) -- 07/01/15 --
(NASDAQ: ENVI), a leading provider of software-based video processing and delivery solutions, announced that the Superior Court of the State of California, County of San Mateo, granted final approval of a settlement of a securities class action lawsuit and related claims originally filed in October 2012 against Envivio Inc., its Board of Directors, certain officers and the underwriters of the company's initial public offering.
Envivio and the other defendants, including members of Envivio's board of directors, did not admit to any wrongdoing in the settlement, and entered into the settlement solely to eliminate the burden and expense of further litigation and to put the claims that were or could have been asserted to rest.
The court approval was issued June 22, 2015.
Envivio (NASDAQ: ENVI) is a global market leader and innovator of video software solutions that are trusted by video service providers and content companies worldwide to power stunning video quality and captivating, personalized experiences to their millions of viewers on their main screen as well as any device, over any network. Leveraging its pioneering and technically superior virtualized video delivery solutions, Envivio enables video operators of any size to increase revenues and reduce costs while uniquely providing the best-in-class quality, reliability, efficiency, and scalability to support the new age of video anywhere. Envivio is headquartered in San Francisco, California with offices worldwide in France, China and Singapore. Visit www.envivio.com for more information, or connect with us on LinkedIn.
Bob Gold & Associates
+1 310 320-2010
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