NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Envivio, Inc. (“Envivio” or the “Company”) (NasdaqGS:ENVI) for potential breaches of fiduciary duties in connection with the sale of the Company to Ericsson for approximately $125 million in a cash transaction. The Company’s stockholders will only receive $4.10 for each share of Company common stock they own. However, the offer provid