BURLINGTON, Mass.—Avid has signed a strategic collaboration agreement with Amazon Web Services (AWS), to deliver a cloud-based production framework that helps film and television production companies ...

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. CBS News relied on Avid Technology’s new HD editing and storage solutions for coverage of the ...

Avid, the Burlington, Mass.-based technology provider in the media and entertainment industry, has entered into a definitive agreement to be acquired by an affiliate of STG, a private equity partner ...

Entertainment software industry veteran Paul Lypaczewski recently joined Avid Technology as vp and GM of its video business, where he's focusing on workflow and product integration as it continues to ...

Avid Technology Inc (NASDAQ:AVID) inked a deal with an affiliate of STG to be acquired in an all-cash transaction worth around $1.4 billion (including AVID's debt). As per the terms, AVID shareholders ...

What: Shares of Avid Technology crashed hard on Tuesday, falling by 35% at one point on a disappointing second-quarter report. Shares were down 30% at 12:40 p.m. So what: In the second quarter, Avid's ...

Avid Technology may see a takeover price of $30–$33 a share in a potential acquisition from a private equity buyer, according to a Northland analyst. A private equity firm is likely to pay a 20%–30% ...

The company faces a long recovery after the COVID-19 pandemic shut down the live entertainment industry. Prior to the COVID-19 pandemic, people looked forward to cheering on their favorite sports ...

NEW YORK, Aug 9 (Reuters) - Avid Technology AVID.O said on Wednesday it had agreed to go private in an all-cash deal with an affiliate of Symphony Technology Group (STG) that valued the media editing ...

Avid to Become a Privately Held Company Upon Completion of the Transaction BURLINGTON, Mass., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Avid ® (NASDAQ: AVID), a leading technology provider that powers the ...

Avid reported second-quarter revenue of $79.3 million, down 19.7% year over year but about $1.9 million higher than the average analyst estimate. Subscription revenue soared 68.3% to $16.4 million, ...