Private equity firm STG to acquire Avid for $1.4bn
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“Since our founding over 30 years ago, Avid has delivered technology that enables individuals and enterprises who create media for a living to make, manage and monetise today’s most celebrated video and audio content across the globe,” said Jeff Rosica, Avid’s chief executive officer and president.
“We are pleased to announce this transaction with STG, who share our conviction and excitement in delivering innovative technology solutions to address our customers’ creative and business needs.
“STG's expertise in the technology sector and significant financial and strategic resources will help accelerate the achievement of our strategic vision, b