PINNACLE SYSTEMS ACQUIRE FAST MULTIMEDIA

PINNACLE Systems, one of the leaders in professional and consumer video solutions, have announced that they have entered into a definitive agreement to acquire the assets of FAST Multimedia, one of the leading developers of innovative video editing solutions.
Pinnacle Systems will acquire all intellectual property, software rights, products, other assets, and certain liabilities of FAST Multimedia.
Mark Sanders, President and CEO at Pinnacle Systems, said: “Pinnacle Systems are delighted to have the FAST Multimedia team join Pinnacle Systems. This acquisition furthers Pinnacle’s expanding family of software applications and solutions to provide higher value-add for our customers. FAST’s advanced software for video content creation fills an important gap between our consumer editing software products and our high-end broadcast systems.” (CD)