Avid acquires Sibelius
Avid Technology, Inc. has announced that it has acquired Sibelius Software Ltd., for approximately $23 million in cash. Sibelius Software Ltd. Is the world's market leader in music notation software, with 180,000 registered users in more than 100 countries. Avid Technology, Inc. has announced that it has acquired Sibelius
Software Ltd., for approximately $23 million in cash. Sibelius Software
Ltd. Is the world's market leader in music notation software, with
180,000 registered users in more than 100 countries.
The deal further expands Avid's
broad portfolio of digital content creation tools with leading software
for music notation and composition, coursework, testing, playback,
publishing, authoring, and e-commerce. As a business unit of Avid's
audio division, Digidesign, Sibelius will continue to develop and
market its own line of software.
"For years, Avid Technology and its businesses have focused on
fostering an environment where educators and students can learn how to
create digital media content with the same industry-standard tools that
are used by Grammy and Academy award-winning professionals," said David
Krall, president and chief executive officer at Avid Technology.
Digidesign general manager and Avid vice president Dave Lebolt said, "Over the past decade, Sibelius
has garnered an enviable reputation as one of the world�s leading
providers of professional notation software. The company's
connections with educational institutions worldwide will allow us to
reach educators and students more directly with all of the pieces of
technology we make."
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