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10.30.2008 - Sonic Announces Corporate Restructuring

View SonicSolutions related news. Novato, California (October 30, 2008) — Sonic Solutions® (NASDAQ: SNIC) today announced a restructuring intended to improve execution and financial performance. The restructuring will result in a reduction of Sonic's workforce as well as the consolidation of its Advanced Technology Group ("ATG") and Roxio® division into a single business unit. Through this combination, Sonic will unify its OEM licensing efforts, eliminate organizational redundancies, and improve product design methods and processes.

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NID: 25084 / Submitted by: TACKtech Team
Categories: Press Release
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