Bernstein Liebhard LLP Announces That A Securities Class Action Lawsuit Has Been Filed Against Envivio, Inc.

 Bernstein Liebhard LLP Announces That A Securities Class Action Lawsuit Has
                       Been Filed Against Envivio, Inc.

PR Newswire

NEW YORK, Nov. 13, 2012

NEW YORK, Nov. 13, 2012 /PRNewswire/ -- Bernstein Liebhard LLP today announced
that a securities class action lawsuit has been commenced in the Superior
Court of California on behalf of a class (the "Class") of investors who
purchased or otherwise acquired shares of Envivio, Inc. ("Envivio" or the
"Company") (NASDAQ: ENVI) common stock pursuant to or traceable to the
Company's April 12, 2012 Registration Statement and Prospectus (the
"Prospectus") filed in connection with the Company's initial public offering
("IPO"). Plaintiffs allege that Defendants, including the underwriters on the
IPO, violated the Securities Act of 1933.

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Plaintiffs allege that Defendants failed to disclose the following in the
Prospectus: Envivio's largest customers did not view Envivio's services as a
spending priority and, thus, were not increasing their demand for Envivio
products due to budgetary constraints; Envivio was experiencing a severe
lengthening of its sales cycle for closing new business; Envivio was having
difficulty maintaining a competitive advantage and was losing business to
rival Harmonic Inc.'s video processing technologies; and Envivio's past
revenue results were not indicative of future operations because the Company
was not growing as fast as represented, particularly in North America and
Western Europe.

The truth about Envivio first began to be disclosed on August 13, 2012. On
that date, Envivio stock fell 56% after Defendants disclosed that the
Company's preliminary second quarter revenues were substantially below prior
projections. On September 6, 2012, Envivio definitively announced poor second
quarter results and disappointing guidance. Envivio stock fell another 20%,
falling to just $2.15 per share on September 7, 2012 – a 76% decline from the
Company's $9 IPO price.

If you are interested in discussing your rights as an Envivio shareholder
and/or have information relating to the matter, please contact Joseph R.
Seidman, Jr. at (877) 779-1414 or

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and
shareholder rights cases and recovered over $3 billion for its clients. It
has been named to The National Law Journal's "Plaintiffs' Hot List" in each of
the last ten years.

You can obtain a copy of the complaint from the clerk of the court for the
Superior Court of California, San Mateo County.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414

ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The law firm responsible
for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New
York, New York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of Connecticut is Michael S. Bigin. Prior results
do not guarantee or predict a similar outcome with respect to any future

Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
(212) 779-1414

SOURCE Bernstein Liebhard LLP

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