Avid has announced it has completed the acquisition of Wolftech Broadcast Solutions.
The acquisition aims to strengthen the media software solutions provider’s position in the news market, leveraging Wolftech’s workflow management toolset and enabling news organisations to increase efficiencies and enhance remote collaboration, said the company.
Deepening the integration between the two solutions, Avid aims to continue partnering with a wide range of newsroom systems and media production tools. The completion marks the end of a process which was announced in October.
Avid CEO, Wellford Dillard, commented: “This is an exciting moment. Wolftech is unquestionably on the leading edge of where the industry is going, and this acquisition demonstrates Avid’s commitment to transform news, sports, and live production workflows. We are delighted to welcome Wolftech into the Avid family.”
Arne Berven, CEO at Wolftech, added: “We were focused on finding a partner that could accelerate the adoption of our platform globally. We explored a number of possibilities, but when we talked to Avid, we knew it was the right match.”
