Company
Avid Technology, Inc.
Headquarters: Burlington, MA, United States
Founded: August 1987
Employees: 1,405
CEO: Mr. Jeff Rosica
Market Cap
$1.19 Billion
USD as of Nov. 1, 2023
Avid Technology, Inc. Categories
United States Communication Services Electronic Gaming & MultimediaUnited States Communication Services United States Electronic Gaming & Multimedia
Top Competitors by Market Capitalization
Industry: Electronic Gaming & Multimedia
| Company | Market Cap (USD) |
|---|---|
| Activision Blizzard, Inc. | $70.75 B |
| Nintendo Co Ltd | $63.67 B |
| Sea Limited | $41.06 B |
| Electronic Arts Inc. | $36.74 B |
| Take-Two Interactive Software, Inc. | $26.86 B |
Detailed Description
Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.
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Stocks & Indices
Avid Technology, Inc. has the following listings and related stock indices.
Stock: NASDAQ: AVID wb_incandescent
Stock: FSX: AVD wb_incandescent
Product & Services
Pro Tools, Media Composer, Sibelius, Avid VENUE, Avid NEXIS, MediaCentral, FastServe
Key People
Founder(s): Bill Warner
Jeff Rosica (president & CEO)
Financials
Revenue: US$360.5 million (2020)
Operating income: US$13.684 million (2018)
Net income: US$-10.674 million (2018)
Total assets: US$265.84 million (2018)
Total equity: US$-166.66 million (2018)