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Avid Acquires Digital Asset Management Firm NXN for $44 Million

Authored by Mark Hefflinger on January 26, 2004 - 2:34am.
Tewksbury, Mass. -- Avid Technologies, a provider of professional video and audio editing equipment, announced on Monday that it has acquired NXN Software, a German provider of digital asset management software for the entertainment and computer graphics industries, for about $44 million. Companies including Sony Pictures Imageworks, China Central Television and Electronic Arts currently use NXN's alienbrain software to manage a range of differing digital files -- such as 3D models, textures, video, audio, source code and office documents. "Alienbrain systems will enhance the asset and production management features of Avid's content creation tools, making it easy for customers to track, store, and control virtually every version and type of file in a digital project," said Avid president and CEO David Krall.
tags: Avid | Digital | NXN | Asset Management |