Announced
Completed
Financials
Sources
Tags
technology
software development
Majority
entertainment
Software
United States
Acquisition
Domestic
Public
Private Equity
Friendly
Single Bidder
Completed
Synopsis
STG, a private equity firm, completed the acquisition of Avid, an American technology and multimedia company, for $1.4bn. “STG has admired Avid’s heritage as a category creator and pioneer in the media and entertainment software market for many years. We are excited to partner with Jeff and the management team to build on the Company’s history of delivering differentiated and innovative content creation and management software solutions. We look forward to leveraging our experience as software investors to accelerate Avid’s growth trajectory with a deep focus on technological innovation and by delivering enhanced value for Avid’s customers,” William Chisholm, STG Managing Partner.
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