Corel Acquires Pinnacle Products from Avid
Corel Takes Market Leadership in Consumer Video Editing SoftwareOTTAWA, CANADA – Monday 2 July, 2012 – Corel today announced it has acquired Avid’s consumer video editing product lines, including Pinnacle Studio™ HD and Avid® Studio. These industry-leading titles join Corel’s award-winning digital media product portfolio, securing the company’s position as the leader in consumer video editing software. Financial details of the agreement were not disclosed. “With the power of the Pinnacle Studio and Corel VideoStudio brands, Corel now offers the industry’s broadest