Pinnacle Systems Inc. Acquires Video Software Business from FAST Multimedia

Published Friday, September 14, 2001

Pinnacle Systems Inc. Acquires Video Software Business from FAST Multimedia IBC, Amsterdam, Netherlands, September 13, 2001--Pinnacle Systems, Inc., a leader in professional and consumer video solutions, announced today that it has entered into a definitive agreement to acquire the assets of FAST Multimedia, a leading developer of innovative video editing solutions, headquartered in Munich, Germany. Pinnacle Systems plans to integrate FAST’s products into its family of industry-leading video, authoring and streaming solutions. Pinnacle Systems will acquire all intellectual property, software rights, products, other assets, and certain liabilities of FAST Multimedia. The purchase price will be approximately $15 million ...

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