Pro media production software house Avid is now officially the owner of a maker of cloud-based multiplatform news planning, production and publishing tools, bringing it further into the broadcast media industry.
The purchase of Wolftech Broadcast Solutions, for an undisclosed price, is designed to give Avid the ability to combine its product line with Wolftech’s “expertise in story-centric workflow management,” Avid says. “News organizations will be able to increase efficiency and accelerate story delivery through enhanced remote collaboration and multiplatform amplification.”
Avid announced that it had agreed to purchase Wolftech on October 7.
— Tech Roundup staff
