Avid Technology Inc - Company Profile
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Avid Technology Inc (Avid) is a provider of integrated solutions and software for the creation, management, and distribution of audio and video content. The company's main activities include developing platforms for media production, storage, distribution, and monetization. Its major products and services encompass audio hardware and software, control surfaces, ingest and playout solutions, and storage systems. Avid operates under Avid NEXIS, MediaCentral, Media Composer, Pro Tools, and Sibelius brand names. The company's products and services are utilized by media enterprises, production teams, and creative professionals in industries such as film, television, and music. Avid serves a global customer base with a presence in various geographic locations, including North America, Europe, and Asia. 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
No of Employees
1,400
Industry
Technology and Communications
Avid Technology Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Products/Solutions:- | - | - |
| Audio Hardware and Software | Media and Workflow Management | Avid |
| Control Surfaces | Avid NEXIS | |
| 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 |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In November, the company acquired Wolftech Broadcast Solutions As, a cloud-based multiplatform news planning, production, and publishing solutions. |
| 2024 | New Products/Services | In June, the company announced launch of Avid Huddle a new SaaS solution that gives post-production teams the ability to collaborate and accelerate content review and approvals. |
| 2023 | Contracts/Agreements | In September, the company entered into an agreement with ITV for the improvement of its national and local news production systems. |
Competitor Comparison
| Key Parameters | Avid Technology Inc | Apple Inc | Dell Technologies Inc | ADOBE Inc | Harmonic Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Burlington | Cupertino | Round Rock | San Jose | San Jose |
| State/Province | Massachusetts | California | Texas | California | California |
| No. of Employees | 1,400 | 166,000 | 108,000 | 31,360 | 534 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Wellford Dillard | Chief Executive Officer; President | Senior Management | 2024 | - |
| Paul Burgdorf | Chief Financial Officer | Senior Management | 2024 | - |
| Kevin Blanco | Chief Information Officer | Senior Management | 2025 | - |
| Tom Sharma | Chief Technology Officer | Senior Management | 2025 | - |
| Angela Stelle | Chief Marketing Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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