Wolftech Broadcast Solutions AS, a privately owned Norwegian company founded in 2011, provides software solutions for news organizations. Employing approximately 30 people, the company's offerings include the Wolftech News and Wolftech Production planning tools, and Wolftech Live, a rundown tool. As of 2023, the company's annual revenue was less than $10 million. Avid is listed as a parent company.
Avid announced the completion of its acquisition of Wolftech Broadcast Solutions on November 5, 2024. A definitive agreement to acquire Wolftech was signed prior to this date. The acquisition aims to strengthen Avid's position in the news market by combining Avid's digital-first media solutions with Wolftech's story-centric workflow management expertise. This will enable news organizations to improve efficiencies and enhance remote collaboration. Financial details of the acquisition were not disclosed. Avid's CEO, Wellford Dillard, commented on the acquisition.
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Wolftech Broadcast Solutions offers products in the media tech industry. Wolftech Broadcast Solutions's product portfolio comprises of production and post production.
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Wolftech Broadcast Solutions's revenues were less than $10M in 2023. All the revenue comes from news production systems (NRCS and NPS).
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Wolftech Broadcast Solutions's customers primarily consist of broadcast television and radio companies. Examples of Wolftech Broadcast Solutions's customers include ITV, BBC and RTL Group.
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