Avid Technology Inc - Company Profile
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Avid Technology Inc (Avid) develops, markets and sells integrated software and hardware solutions for digital media content production, management, storage and distribution. The company’s offerings include creative software solutions, enterprise software solutions, integrated solutions, customer support, professional services, cloud solutions, and training and education. Its products find application in film studios; production and post-production facilities; affiliate, network, cable and independent television stations; live-sound performance venues; recording studios; advertising agencies; government and educational institutions; corporate communications departments; independent audio and video creative professionals and aspiring professionals. The company’s business operations span the Americas, Europe, the Middle East, Africa and Asia-Pacific. Avid is headquartered in Burlington, Massachusetts, the US.
Headquarters
United States of America
Address
75 Blue Sky Drive, Burlington, Massachusetts, 01803
Website
www.avid.com
Telephone
1 978 6406789
No of Employees
1,485
Industry
Technology and Communications
Revenue (2022)
$417.4M
Avid Technology Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Products/Solutions: | Consulting and Outside Services | Avid |
| Audio Hardware and Software | Media and Workflow Management | Avid NEXIS |
| Control Surfaces | AirSpeed | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with ITV for the improvement of its national and local news production systems. |
| 2023 | Plans/Strategy | In August, the company announced its plans to be acquired by STG for US$1.4 billion. |
| 2023 | Contracts/Agreements | In August, the company extended its agreement with Al Jazeera Media Network to enable subscription and Saas Cloud-Based production for users around the world. |
Competitor Comparison
| Key Parameters | Avid Technology Inc | Apple Inc | Dell Technologies Inc | ADOBE Inc | Yamaha Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | Japan |
| City | Burlington | Cupertino | Round Rock | San Jose | Hamamatsu-Shi |
| State/Province | Massachusetts | California | Texas | California | Shizuoka |
| No. of Employees | 1,485 | 161,000 | 133,000 | 29,945 | 20,027 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| John P. Wallace | Chairman | Executive Board | 2022 | 57 |
| Wellford Dillard | Chief Executive Officer | Senior Management | 2024 | - |
| Kenneth L. Gayron | Executive Vice President; Chief Financial Officer | Senior Management | 2018 | 53 |
| Kevin Riley | Senior Vice President; Chief Technology Officer | Senior Management | 2020 | 52 |
| Alessandra Melloni | General Counsel; Secretary; Chief Ethics and Compliance Officer; Senior Vice President | Senior Management | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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