SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Envivio, Inc. of Class

  SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky Notifies Investors with
  Losses on Their Investment in Envivio, Inc. of Class Action Lawsuit

Business Wire

NEW YORK -- November 14, 2012

Levi & Korsinsky announces that a class action lawsuit has been commenced in
the United States Superior Court of the State of California, County of San
Mateo on behalf of investors who purchased Envivio, Inc. (NasdaqGS: ENVI)
securities pursuant or traceable to the Company’s April 24, 2012 Initial
Public Offering.

For more information, click here:

The complaint alleges that the Company issued a false and/or misleading
registration statement and prospectus in connection with the offering. In
particular, the complaint alleges that Envivio failed to disclose that: (a)
its largest customers did not view the Company’s services as a priority and
thus were not increasing their demand for said services to the extent
represented; (b) the Company was experiencing a substantial lengthening in its
sales cycle for closing new business; (c) the Company was struggling to
maintain a competitive advantage due to the technologies of its rival,
Harmonic Inc; and (d) because the Company’s business was not growing as
quickly as represented, the Company’s past revenue results were not indicative
of its future financial operations.

On August 13, 2012, Envivio announced preliminary revenue results for its
fiscal 2012 second quarter that were substantial below its previous guidance.
Upon this news, Envivio stock fell more than 56% the following day. Then, on
September 6, 2012, the Company announced disappointing guidance for its fiscal
2012 third quarter and acknowledged that it had experienced a significant
number of project delays and a severe lengthening in its sales cycle. Upon
this news, shares of Envivio stock fell 20% to close $2.15 per share the
following day.

To obtain additional information, contact Joseph E. Levi, Esq. either via
email at or by telephone at (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York and Washington
D.C. The firm has extensive expertise in prosecuting securities litigation
involving financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior results do
not guarantee similar outcomes.


Levi & Korsinsky, LLP
Joseph Levi, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 212-363-7171
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