The van Tulleken Company Represents Sibelius Software, the Leading Music Software Specialist, in its Acquisition by Avid Technology

The van Tulleken Company Represents Sibelius Software, the Leading Music Software Specialist, in its Acquisition by Avid Technology

NEW YORK and LONDON, August 3/PRNewswire/ -- The van Tulleken Company announced today that it represented
the shareholders of Sibelius Software Ltd., the leading music application
software company in its c. US$23 million cash acquisition by Avid
Technology.

Sibelius, which is based in London, creates products for
professional musicians, educators and students using computers to compose,
teach and learn music. Avid Technology, Inc. is a world leader in digital
media creation, management, and distribution solutions, the first choice for
thousands of film, video, audio, animation, games, and broadcast
professionals worldwide.

Kit van Tulleken, Chief Executive of The van Tulleken Company,
commented: "This is an excellent transaction for all parties. Combined, the
two companies offer customers access to products across the entire
computer-based music creation area - from composing and notation through to
recording, publishing and distribution."

David Krall, president and chief executive officer at Avid
Technology said, "For years, Avid Technology and its businesses have focused
on fostering an environment where educators and students can learn how to
create digital media content with the same industry-standard tools that are
used by Grammy and Academy award-winning professionals. This acquisition will
allow Sibelius and Avid to combine the strengths of their respective sales
and education channels. Over time, our Pinnacle Consumer and Avid Video
divisions will also benefit from Sibelius' channel expertise, as we explore
new ways to expand distribution of any educational product developed by Avid
Technology or one of its companies."

About The van Tulleken Company

The van Tulleken Company is a leading international advisor to
corporate clients, media executives and entrepreneurs on mergers and
acquisitions in the publishing, media and related IP industries. With offices
in New York and London, its clients include large international publishing
and media companies, as well as small and medium-sized private firms in the
United States, the United Kingdom and Continental Europe.

About Sibelius

Sibelius' core product comprises software tools for editing and arranging
music notation in both electronic and printed form. Its customers include
professional musicians, educational institutions at all levels; and
individuals who need to provide musical notation as a means to publish their
work. Sibelius Software Ltd. is the market leader in music notation software,
with 180,000 registered users in more than 100 countries. For more
information, please visit: www.sibelius.com.

About Avid Technology, Inc.

Avid Technology, Inc. is the world leader in digital nonlinear
media creation, management, and distribution solutions, enabling film, video,
audio, animation, games, and broadcast professionals to work more
efficiently, productively, and creatively. For more information about the
company's Oscar(r), Grammy(r), and Emmy(r) award-winning products and
services, please visit: www.avid.com.

For further information contact Simon Forrest, +44-(0)-7885317746,
sforrest@vantulleken.com

Source: The van Tulleken Company

For further information contact Simon Forrest, +44-(0)-7885317746, sforrest@vantulleken.com

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