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Pinnacle Systems  (Stock symbol: PCLE ) Acquired by Avid Technology (2005 $ 462,000,000)

280 N. Bernardo Avenue
Mountain View, CA 94043
Website Company Summary Management Team

Outside board: (May no longer be on the board) Terri Dial (Wells Fargo Bank);  Harry Motro (Motro Ventures);  Greg Ballard ( CEO) Ajay Chopra (Mindset CEO) Robert J. Finocchio (Informix Software CEO) L. William Krause (Exodus Communications Chairman) John Lewis (Amdahl CEO)
Former outside board: Nyal McMullin (El Dorado Ventures);  Glenn E. Penisten (Alpha Partners);  Charles Vaughn (VLCO Investments)

Business description: Pinnacle Systems is the leading supplier of video editing solutions delivering high quality, real-time video content creation and distribution tools to customers worldwide. Pinnacle Systems is known for its focus on innovative, reliable products and the investment protection provided by interoperable and scaleable designs, in both the broadcast and consumer markets. Pinnacle Systems has won eight Emmy Awards for its work in leading the video transition from traditional to computer-based video productions, with products that range from consumer home video editing and DVD-authoring software to broadcast servers and Internet streaming solutions. The company's products are known for delivering cost-effective solutions for consumer, business and broadcast applications. Whether it is a video editing software package for a home PC or a high-end video server for the professional broadcaster, Pinnacle Systems offers a breadth of solutions to meet the specific needs of the individual customers.
Customers include: BBC;  CapCities/ABC;  Dick Clark
Partners include: Bell MicroproductsHP;  Avid

Rounds: 5
Capital raised: 6.7M
Ownership: Acquired by Avid Technology (2005 $ 462,000,000)
Stock Symbol: PCLE
Angels/other VCs: Charles Vaughn (Atari CFO)

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Record updated: Apr 2006
Sector: Communications
Year Founded: 1986
Headcount: 801-1000 as of Mar 2005
Rounds: 5
Capital Raised: 6.7M
Ownership: Acquired by Avid Technology (2005 $ 462,000,000)
Stock Symbol: PCLE