Corel has acquired Avid’s consumer video editing product lines, including Pinnacle Studio HD and Avid Studio.

Theacquisition enables Corel to offer the Pinnacle consumer video editing productsto customers and partners through its global sales, marketing and servicesorganisations. As part of the transaction, the company takes on a core group ofemployees from the Pinnacle product team. They will join the Corel digitalmedia group, which is responsible for the company’s VideoStudio, PaintShop Pro,WinDVD and Roxio product lines. Corel’s newlyacquired products include the Pinnacle Studio family, Avid Studio, Avid Studiofor iPad and the Dazzl video hardware product line including Dazzle VideoCreator Platinum HD. Full details are available at