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| Company type | Private |
|---|---|
| Industry | Computer software, Technology,Multimedia |
| Founded | August 1987; 37 years ago (1987-08) |
| Founder | Bill Warner |
| Headquarters | Burlington, Massachusetts, United States |
Key people | Wellford Dillard (CEO) |
| Products | Pro Tools,Media Composer,Sibelius, Avid PlayAvid VENUE, Avid NEXIS, MediaCentral, FastServe,MBOX Studio, Pro Tools Carbon, Pro Tools MTRX, Airspeed, Avid Maestro Graphics. |
| Revenue |  US$417 million (2022) |
| US$53.9 million (2022) | |
| US$55.2 million (2022) | |
| Total assets | US$287 million (2022) |
| Owner | Symphony Technology Group |
| Website | www |
| Footnotes / references [1] | |
Avid Technology, Inc. is a global technology company headquartered inBurlington, Massachusetts, and was founded in August 1987 by Bill Warner. It develops software, SaaS, and hardware products used in media and entertainment.
Avid was founded by Bill Warner, a former marketing manager fromApollo Computer.
A prototype of their first non-linear editing system, the Avid/1 Media Composer, was shown at theNational Association of Broadcasters (NAB) convention in April 1988. The Avid/1 was based on anApple Macintosh II computer, with special hardware and software of Avid's design installed.The Avid/1 was "the biggest shake-up in editing sinceMelies played with time and sequences in the early 1900s".[2]
By the early 1990s, Avid products began to replace such tools as theMoviola,Steenbeck, and KEM flatbed editors, allowingeditors to handle their film creations with greater ease. The first feature film edited using the Avid wasLet's Kill All the Lawyers in 1992, directed by Ron Senkowski. The film was edited at a 30fps NTSC rate, then used Avid MediaMatch to generate a negative cutlist from theEDL.[3] The first feature film edited natively at 24fps with what was to become the Avid Film Composer wasEmerson Park. The first studio film to be edited at 24fps wasLost in Yonkers, directed byMartha Coolidge.
By 1994 only three feature films used the new digital editing system. By 1995 dozens had switched to Avid, and it signaled the beginning of the end of cutting celluloid. In 1996Walter Murch accepted theAcademy Award for editingThe English Patient (which also won best picture), which he cut on the Avid. This was the first Editing Oscar awarded to a digitally edited film (although the final print was still created with traditionalnegative cutting).[4]
In 1994 Avid introducedOpen Media Framework (OMF) as an open standard file format for sharing media and related metadata.
Over the years, Avid has released numerous freeware versions of Media Composer. Initially this includedAvid Free DV: a free edition of Media Composer with limited functionality; Avid Xpress DV: a consumer edition of Media Composer; and then AvidXpress Pro: a prosumer edition ofMedia Composer. These editions were discontinued in 2008 as the flagship Media Composer was lowered in price. Later, Avid released Media Composer | First, which included a large portion of Media Composer's functionality but its exporting workflows publishing finished videos directly to web services like YouTube.
On March 29, 1999, Avid Technology, Inc. adjusted the amount originally allocated to IPR&D and restated its third-quarter 1998 consolidated financial statements accordingly, considering the SEC's views.[5]
In February 2018, Avid appointed Jeff Rosica as CEO, after terminating Louis Hernandez Jr, who was accused of workplace misconduct.[6]
In November 2023, Avid Technology was acquired by an affiliate ofSTG for $1.4 billion.[7] This process delisted Avid from the public stock exchange, making it private.
In April 2024, Avid appointed Wellford Dillard as CEO, succeeding Jeff Rosica.[citation needed]
1993: The National Academy of Television Arts & Sciences awarded Avid Technology and all of the company's initial employees with a technical Emmy award for Outstanding Engineering Development for the Avid Media Composer video editing system.[8][9]
1999: At the 71st Academy Awards, Avid Technology Inc. was awarded anOscar for the concept, system design and engineering of the Avid Film Composer for motion picture editing which was accepted by founder Bill Warner.[10]
| Acquired | Company | Details | Sold |
|---|---|---|---|
| 1993 | EditDroid | A computerized analognon-linear editing (NLE) system which was developed byLucasfilm spin-off company.[11] | |
| DiVA Corporation | developer of Videoshop, Quicktime-based home video editing software | ||
| 1994 | Digidesign | developer ofPro Tools, digital audio workstation, andVenue, brand of digital mixing consoles | |
| Basys | ITN's newsroom computer and automation system (fromDigital Equipment Corporation), then implemented into iNews in 2001 | ||
| Newsview | Novell-based newsroom computer system[clarification needed] | ||
| 1995 | Elastic Reality, Inc. | developer ofElastic Reality, morphing software | |
| Parallax Software | developer ofMatador,Illusion and Jester, ink-and-paint software | ||
| 1998 | Softimage | developer ofSoftimage|3D, 3D graphics software (previously subsidiary ofMicrosoft) | 2008 (toAutodesk) |
| NewStar | strategic alliance Avstar withGrass Valley—then owners ofLightworks[clarification needed] | ||
| 2000 | Motion Factory | developer of interactive 3D software for games and the Web[12] | |
| Pluto Technology | DDR playback servers | ||
| 2002 | iKnowledge | developer of Active Content Manager, newsroom management software | |
| 2003 | Rocket Networks | private sharing network technology for Internet collaboration, then implemented in Digidelivery, encryptedfile transfer system[13] | 2007 (toAspera) |
| 2004 | NXN | Media Asset Management software components | |
| Bomb Factory | audio plug-ins developer | ||
| M-Audio | audio interfaces and equipment manufacturer | 2012 (toinMusic) | |
| 2005 | Pinnacle Systems | digital video hardware and software manufacturer | 2012 (toCorel) |
| Wizoo | virtual instrument, plug-in effect and sample library designer;[14] developed AIR (Advanced Instrument Research), series of plug-ins and virtual instruments subsequently included inPro Tools | 2012 (to inMusic) | |
| 2006 | Medéa Corporation | high-speedRAID storage manufacturer | |
| Sundance Digital | broadcast automation software | ||
| Sibelius Software | developer ofSibelius, notation software | ||
| Maximum Throughput[15] | developer of MAXedit, visual effects editing software[16] | ||
| 2010 | Blue Order Solutions AG[17] | Media asset management software | |
| Euphonix[18] | digital mixing console and control surface manufacturer; EuCon protocols were integrated into Pro Tools; the Artist Series and System 5 Family were added to Avid control surfaces | ||
| 2012 | Rocket Network | provides online music recording studios[19] | |
| 2015 | Orad Systems | developer of 3D real-time graphics and video servers products, then integrated into the MediaCentral Platform[20] | |
| 2024 | Wolftech | provider of story-centric workflow management solutions to large broadcasters, enhancing collaboration and efficiency in news gathering & story creation |
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