Avid Sold Consumer Video Editing and Audio Assets to Corel and inMusic

Avid (www.avid.com), a leading provider of digital audio and video technology, has sold its consumer video editing and audio assets to Corel, a Canadian software company specializing in graphics processing, and inMusic (www.inmusicbrands.com), a Canadian parent company for a family of brands of varying audio products.

Joseph Sanborn represented Avid in this transaction prior to joining JEGI.