Avid Acquires Sibelius
Avid Technology, announced that it has acquired Sibelius Software Ltd., for approximately $23 million. Sibelius is a leading music applications software company with products for professionals, educators, and students who want to use computers to write, teach or learn music. The deal further expands Avid's broad portfolio of digital content creation tools with 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, and going forward, customers can expect to see exclusive and targeted product offerings that combine a range of powerful tools, including Sibelius software, Digidesign Pro Tools Academic software, and M-Audio keyboards, microphones, and other audio peripherals.
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