Avid Acquires Licensing Rights to Nexidia’s Technologies and Solutions
Avid has acquired the exclusive rights to develop and commercialize Nexidia’s media and entertainment technologies and solutions.
In an e-mail to customers and the media, Avid announced that many Nexidia products are now available for purchase from Avid as Avid products. Among them are Avid Dialogue Search and Avid Illuminate, which includes Avid Comply, Avid QC, and Avid Align modules.
Avid says it also plans to integrate these products into Avid’s MediaCentral Platform, “infusing MediaCentral with new content discovery, quality assurance, and content-repair capabilities.” Avid will continue to support the integration of Nexidia products and technologies with third-party media applications.
The company also notes that it will soon launch new versions of Avid PhraseFind and Avid ScriptSync.
According to Avid, Nexidia’s product-development team will remain on board and be absorbed into the Avid staff.