Adobe Acquires Technology From Syntrillium SoftwareAdobe Systems announced an agreement to acquire the technology assets of Syntrillium Software; Syntrillium's flagship product, Cool Edit Pro, will join 5/22/2003 8:00 AM Eastern
Adobe Systems announced an agreement to acquire the technology assets of Syntrillium Software; Syntrillium's flagship product, Cool Edit Pro, will join the company's existing line of pro digital video products, including Adobe Premiere, Adobe After Effects, Adobe Encore DVD and Adobe Photoshop.
Terms of the agreement were not disclosed, though Adobe said that it expects that the acquisition will not impact earning gained in Q2 of 2003.
"Cool Edit Pro has won recognition across the music and video industries, and by teaming up with Adobe, we will be able to bring this complete multitrack recording application to an expanded set of customers," said Bob Ellison, president of Syntrillium. "Introducing Cool Edit Pro into the Adobe family is great news for our customers, who will benefit from the company's complementary product line and commitment to delivering high-quality products."
"By adding Cool Edit Pro to our product line," said Bryan Lamkin, senior VP of Digital Imaging and Video Products at Adobe, "Adobe is delivering a complete workflow of video pros and DVD authors. The introduction of Adobe Encore DVD and out acquisition of this outstanding audio application demonstrate our intention to put the best DV tools in the hands of PC users worldwide."
Syntrillium products can still be accessed via its Website, www.syntrillium.com.