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Purchase of vid-editing biz dazzles Pinnacle

Cyberbiz Brief

Pinnacle Systems, which makes a range of software and hardware used for editing video, has purchased Dazzle, one of its competitors in the booming consumer end of the business, from SCM Microsystems for about $21.5 million in stock. Deal is expected to close this quarter.

Pinnacle prexy-CEO J. Kim Fennell said the move would further extend the company’s lead in market share in the consumer end of video editing; it also broadens its overall range of offerings. Company makes higher-end editing software, video-capture boards and other equipment for broadcasters and other professional markets.

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