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Last $12.26 USD
Change Today +0.38 / 3.20%
Volume 253.0K
AVID On Other Exchanges
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

avid technology inc (AVID) Snapshot

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06/8/15 - $18.10
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08/11/14 - $7.40
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avid technology inc (AVID) Details

Avid Technology, Inc. develops, markets, sells, and supports software and hardware for digital media content production, management, and distribution in the United States, the other Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers various professional video creative tools, including Media Composer product line, which is used to edit television programs, commercials, and films; NewsCutter option and iNews systems for news production; and Avid Symphony option that is used during post-production. It also provides video storage and server solutions comprising Avid ISIS shared storage systems; and media management solutions, such as MediaCentral | UX Web- and mobile-based apps that enables interplay asset management solutions by providing access to media assets for media professionals. In addition, the company offers audio products and solutions, such as Pro Tools digital audio software and workstation solutions that facilitate the audio production process; complementary control surfaces and consoles; VENUE, a family of console products for mixing audio for live sound reinforcement; and Sibelius-branded software that allows users to create, edit, and publish musical scores. Additionally, it offers workflow design and consulting, program and project management, system installation and commissioning, and role-based product level training services. The company markets and sells its products and solutions to customers in broadcast and media, video and audio post, and professional markets through a network of sales representatives, independent distributors, value-added resellers, dealers, and retailers, as well as through digital sales channels. Avid Technology, Inc. was founded in 1987 and is headquartered in Burlington, Massachusetts.

1,413 Employees
Last Reported Date: 03/16/15
Founded in 1987

avid technology inc (AVID) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.4M
Chief Financial Officer, Chief Administrative...
Total Annual Compensation: $975.0K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $410.0K
Senior Vice President of Worldwide Field Oper...
Total Annual Compensation: $375.0K
Compensation as of Fiscal Year 2014.

avid technology inc (AVID) Key Developments

Avid Technology, Inc. Announces Appointment of Paula E. Boggs to its Board of Directors

Avid Technology, Inc. announced the appointment of Paula E. Boggs to its board of directors. Boggs' many years of corporate leadership experience, combined with her background as a musician experienced with Avid products, will provide a unique perspective as the company continues to deliver on Avid Everywhere TM. Boggs has held a variety of professional and community leadership roles for over 25 years. A former member of the executive team at Starbucks Coffee Company, she led the global law department of Starbucks for ten years. Before joining Starbucks, Boggs was vice president of legal for products, operations and information technology, and senior deputy general counsel at Dell Computer Corporation. She was previously a partner with the law firm of Preston Gates & Ellis. Since 2013, Boggs has been a member of the President's Committee for the Arts and the Humanities, and was previously a member of the White House Council for Community Solutions. She is a voting member of the National Academy of Recording Arts and Sciences, and a songwriter and lead vocalist for the Paula Boggs Band. She has also served as an officer in the U.S. Army.

Avid Technology, Inc. Announces Executive Changes

On July 10, 2015, Christopher C. Gahagan, 51, the Avid Technology, Inc.'s Senior Vice President of Products and Technology and a named executive officer, resigned from his position. Louis Hernandez, Jr., Avid's Chairman, President and CEO, will directly oversee the products team and execution of the Avid Everywhere strategy until the company identifies new leadership.

Avid Technology, Inc. Announces Expansion to Create 100 Jobs in Boca Raton

Avid Technology announced that it will expand its North American administrative headquarters to Boca Raton. The expansion is planned to take place over the next three years, ultimately creating 100 jobs and $2.6 million in capital investment. With more than a 25-year heritage of innovation and leadership, Avid is uniquely positioned to help organizations and professionals succeed in the highly competitive and rapidly changing media technology industry. Customers from the large media organizations in the world, to small and medium-sized studios and facilities, to individual audio and video artists use Avid solutions to create, distribute and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts and news broadcasts.


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