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Avid Technology Inc
F:AVD

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Avid Technology Inc
F:AVD
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Price: 25 EUR Market Closed
Market Cap: €1.1B

Avid Technology Inc
Investor Relations

In the bustling world of audio and video technology, Avid Technology Inc. has established itself as a stalwart pioneer since its inception in 1987. Originally gaining fame with its breakthrough non-linear editing system, Media Composer, Avid revolutionized the media production landscape, making its mark on how content is created and consumed. Over the years, Avid expanded its product offerings to encompass a suite of tools aimed at audio and video editing, production, storage, and management. These solutions cater primarily to professionals in the media industry—from Hollywood studios and broadcast networks to aspiring musicians and editing freelancers. The company is well-known for its Pro Tools software, which has become a standard in the music and audio production industry, empowering creators with unparalleled precision and flexibility.

Avid's business model revolves around a multifaceted approach to revenue generation. The company earns money through the sale of software licenses, subscription services, hardware solutions, and extensive customer support and training services. By offering its products both as perpetual licenses and subscription models, Avid ensures it caters to a diverse client base with varying budgetary constraints. Additionally, Avid fosters a robust ecosystem through strategic partnerships and collaborations, driving a recurrent revenue stream through upgrades, add-ons, and continuous customer engagement. This diversified revenue strategy not only supports Avid’s financial health but also cements its position as a cornerstone within the media and entertainment industry.

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Last Earnings Call
Fiscal Period
Q1 2023
Call Date
May 4, 2023
Q1 2023 Earnings Call
No Analysis Available

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Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Jeff Rosica
Pres, CEO & Director
No Bio Available
Mr. Kenneth L. Gayron
Exec. VP, CFO, Principal Financial Officer & Corp. Treasurer
No Bio Available
Mr. Kevin W. Riley
CTO & Sr. VP
No Bio Available
Mr. Tom J. A. Cordiner
Chief Revenue Officer & Sr. VP
No Bio Available
Mr. Dave Perillo
Sr. VP of Operations & Supply Chain
No Bio Available
Ms. Mariesa Victoria
VP, Chief Accounting Officer & Principal Accounting Office
No Bio Available
Mr. Whit Rappole
VP of Corp. Devel. & Investor Relations
No Bio Available
Ms. Alessandra Melloni
Corp. Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Sr. VP
No Bio Available
Ms. Joyce Butler
Chief HR Officer & SVP
No Bio Available
Mr. Peter M. Ennis
Sr. VP of Global Services & Support
No Bio Available

Contacts

Address
MASSACHUSETTS
Burlington
75 Network Drive
Contacts
+19786403121.0
www.avid.com