Avid Technology, Inc. is an American technology and multimedia company founded in August 1987 by Bill Warner. It specializes in audio and video; specifically, digital non-linear editing (NLE) systems, ...

Avid, the Burlington, Mass.-based technology provider in the media and entertainment industry, has entered into a definitive agreement to be acquired by an affiliate of STG, a private equity partner ...

NEW YORK, Aug 9 (Reuters) - Avid Technology AVID.O said on Wednesday it had agreed to go private in an all-cash deal with an affiliate of Symphony Technology Group (STG) that valued the media editing ...

BURLINGTON, Mass.—Avid has announced a five-year renewal of its cloud collaboration agreement with Microsoft. During the term of the new agreement, Avid will continue to develop and deploy its ...

Entertainment software industry veteran Paul Lypaczewski recently joined Avid Technology as vp and GM of its video business, where he's focusing on workflow and product integration as it continues to ...

Avid reported second-quarter revenue of $79.3 million, down 19.7% year over year but about $1.9 million higher than the average analyst estimate. Subscription revenue soared 68.3% to $16.4 million, ...

Avid Technology may see a takeover price of $30–$33 a share in a potential acquisition from a private equity buyer, according to a Northland analyst. A private equity firm is likely to pay a 20%–30% ...

The company faces a long recovery after the COVID-19 pandemic shut down the live entertainment industry. Prior to the COVID-19 pandemic, people looked forward to cheering on their favorite sports ...

WHITE PLAINS, N.Y.—SMPTE has joined with Avid to publish a new standard for the VC-3 codec in Interoperable Master Format (IMF). The VC-3 standard, a codec implementation that Avid provides under the ...

BURLINGTON, Mass.--(BUSINESS WIRE)--Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its fourth quarter and full-year 2018 ...

Avid Technology has had a rough few years from a revenue perspective, but profits and cash flows have been rising nicely. AVID continues to benefit from a transition to high-margin subscriptions as ...