JACKSON, Wyo., July 22, 2015 /PRNewswire/ -- Cannell Capital LLC ("Cannell"), a long-term shareholder of Envivio, Inc. ("Envivio") hereby releases a PowerPoint presentation describing the destruction of shareholder wealth under the incumbent management and members of the board of directors. This presentation can be viewed online at the following URL: http://concernedenvivioshareholders.com/index.html
This presentation addresses the lack of cost control and strategic drift which have harmed Envivio shareholders. It also makes the case for why Cannell urges such shareholders to vote "NO" to the election of the incumbent directors at Envivio's 2015 annual meeting on August 4, 2015.
Cannell is an SEC-registered investment adviser. The firm has provided investment advice to limited partnerships since 1992. Clients advised by Cannell own approximately 6.1% of Envivio's common shares.
Cannell is also filing this presentation with the Securities and Exchange Commission in an amended Schedule 13D filing.
SOURCE Cannell Capital LLC