Corel acquires Avid

Ottawa based Corel Corporation recently announced that it has acquired Avid’s consumer video editing software which includes Pinnacle Studio HD and Avid Studio.  As part of the transaction, a number of employees from the Pinnacle product team will join the video group at Corel.  This group already has developed an extensive line of consumer software applications such as VideoStudio, PaintShop Pro, WinDVD and Roxio product lines.

Source: Market Wire


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