Magix Software is a privately owned German company founded in 1993. Employing approximately 200 people, the company develops and distributes software for video and audio editing, digital audio workstations (DAWs), and photo slideshow creation. In 2022, Magix Software reported revenues of roughly $25 million.
Magix Software released Vegas Pro 23, a video editing software with GPU acceleration, available for a one-time purchase. The company's R&D Lab published two white papers. One, titled "The Surge of Deepfake Cyber Threats," addresses deepfake cyber threats. The other, "The Role of AI in Ethical and Unethical Hacking: Implications for Business," explores AI's role in hacking, authored by Tim Butler with contributions from Floyd Tshoma and Hlayisani Shondlani. Magix also announced the launch of the Magix R&D Lab, a research and development initiative focused on advancing cybersecurity.
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Magix Software offers 2 products in the media tech industry. Magix Software's product portfolio comprises of production and post production and audio.
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Magix Software's revenues were less than $50M in 2023. Caretta Research has split Magix Software's revenue into 2 different product categories, the largest of which is non-linear editing. For full access to Magix Software's revenue breakdown subscribe to Caretta Portal.
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