Avid^®, the global leader in software solutions for professional media production, today announced it has completed the acquisition of Wolftech Broadcast Solutions, the industry leader in cloud-based multiplatform news planning, production and publishing solutions.

The acquisition enables Avid to combine its digital-first, end-to-end media solution with Wolftech’s expertise in story-centric workflow management. News organizations will be able to increase efficiency and accelerate story delivery through enhanced remote collaboration and multiplatform amplification.

Avid CEO Wellford Dillard stated: “This is an exciting moment. Wolftech is unquestionably on the leading edge of where the industry is going, and this acquisition demonstrates Avid’s commitment to transform news, sports, and live production workflows. We are delighted to welcome Wolftech into the Avid family.”

Wolftech CEO Arne Berven added: “We were focused on finding a partner that could accelerate the adoption of our platform globally. We explored a number of possibilities, but when we talked to Avid, we knew it was the right match.”