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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s