PRESS RELEASE
New Partnership Addresses the Audio/Video Workflow Needs of Filmmakers and Editors
Portland, OR (July 9, 2012) - Red Giant today announced its acquisition of the products and related intellectual property of Singular Software, a developer of workflow automation applications for video production. This partnership is a natural fit for two companies with a similar vision and culture, and the upcoming release of PluralEyes® 3.0 will make professional syncing for audio and video fast, easy and accurate.
Red Giant develops video tools for filmmakers, with their Magic Bullet product line leading the way for color correction and visual storytelling. Singular Software's PluralEyes is the leading tool for audio/video workflow synchronization which works seamlessly with all the major video editors. Together PluralEyes and Magic Bullet bring filmmakers and editors into the edit faster.
The entire Singular Software team is partnering with Red Giant, which keeps an important continuity in engineering and support. All development for Singular Software products will continue full-steam, with PluralEyes 3.0 for Mac scheduled for release in Summer 2012. Going forward, Singular Software technology will be a crucial part of Red Giant's plans for new filmmaking and workflow products.
Beginning July 9, 2012, all Singular Software products will become part of the Red Giant portfolio, including:
- PluralEyes for automated syncing of audio tracks and multi-camera video.
- DualEyes for audio replacement for DSLR users.
- CloudEyes, a set of audio/video synchronization services for developers.
- Singular Software Presto, a quick, easy way to create professional quality videos of presentations.
- All intellectual property for the related technology.
The products will continue to be sold and supported through Singular Software's website over the next couple of months. In Q3 2012, Red Giant will complete their integration of the Singular Software products, and all sales and support will move to RedGiant.com.
Pricing and product offerings will remain unchanged during the transition, and pricing for PluralEyes 3.0 will be announced on release. Because this is a private transaction, the companies will not disclose financial information. Further details about the partnership are available at www.redgiant.com.
About Singular Software
Since 2008, Singular Software has pioneered workflow automation for audio and video professionals. The breakthrough innovations of PluralEyes and DualEyes automate and simplify multi-camera, multi-take and dual-system audio productions, and integrate with the industry's most widely used video editing software. For more information about Singular Software, please visit: www.singularsoftware.com.
About Red Giant
Founded in 2002, Red Giant (www.redgiant.com) creates an ever-expanding universe of effects tools ranging from plug-in suites, applications and mobile apps to Guru Presets, free products and sharing communities. We provide software for motion design, photography and color correction that is used for everything from major motion pictures to worldwide television programming to web production. Red Giant offers the industry-leading Trapcode tools for broadcast design; Magic Bullet Suite for color correction; and over 60 products that run in After Effects, Final Cut Pro, Motion, Premiere Pro, Photoshop, Lightroom, Aperture, Avid, Vegas, Nuke, and Avid Studio. Our effects have enhanced dozens of feature films such as Angels & Demons and The Social Network, and added sparkle to networks like NBC Universal, ESPN, Disney, CNN, Comedy Central, MTV, and TNT. Join us on Facebook (RedGiantSoftware), follow us on Twitter (@RedGiantNews) and get free content at Redgiantpeople.com.
