Avid Technology

OverviewSuggest Edit

Avid Technology is a company that develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution. It offers products and solutions including the Media Composer product line that is used to edit film, television programming, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization. The company also provides audio products and solutions including Pro Tools digital audio software and workstation solutions to facilitate the audio production process. Avid Technology develops various professional services, such as workflow design and consulting, project management, system installation and commissioning, custom development, and role-based product level, public, and private training to customers and alliance partners.
TypePublic
Founded1987
HQBurlington, MA, US
Websiteavid.com
Employee Ratings3.9
Overall CultureB-

Latest Updates

Employees (est.) (Dec 2021)1,405(+4%)
Job Openings131
Revenue (FY, 2021)$409.9 M(+14%)
Share Price (Aug 2022)$28.3
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Avid Technology

Jeff Rosica

Jeff Rosica

Chief Executive Officer, President and Director
Ken Gayron

Ken Gayron

Chief Financial Officer, Executive Vice President
Robert M. Bakish

Robert M. Bakish

Director
Tom Cordiner

Tom Cordiner

Chief Revenue Officer & SVP
Nancy Hawthorne

Nancy Hawthorne

Director
Kathy-Anne McManus

Kathy-Anne McManus

Chief Customer Experience Officer & SVP, Customer Experience and Customer Success
Show more

Avid Technology Office Locations

Avid Technology has offices in Burlington, Berkeley, Burbank, Fremont and in 33 other locations
Burlington, MA, US (HQ)
75 Network Drive
Berkeley, CA, US
2600 Tenth Street #200
Burbank, CA, US
101 N 1st St #200
Fremont, CA, US
6600 Stevenson Blvd
New York, NY, US
60 East 42nd Street Suite 600
Santa Clara, CA, US
2903 Bunker Hill Ln #100
Show all (40)

Avid Technology Financials and Metrics

Avid Technology Revenue

Avid Technology's revenue was reported to be $409.94 m in FY, 2021
USD

Revenue (Q1, 2022)

100.6m

Gross profit (Q1, 2022)

66.8m

Net income (Q1, 2022)

10.6m

EBIT (Q1, 2022)

13.3m

Market capitalization (1-Aug-2022)

1.3b

Closing stock price (1-Aug-2022)

28.3

Cash (31-Mar-2022)

41.2m
Avid Technology's current market capitalization is $1.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

413.3m411.8m360.5m409.9m

Revenue growth, %

(1%)0%(12%)

Cost of goods sold

174.1m162.7m132.1m144.1m

Gross profit

239.2m249.1m228.3m265.8m
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

104.0m103.3m98.7m93.5m86.5m79.3m90.4m94.4m94.9m36.9m100.6m

Cost of goods sold

43.4m42.0m42.0m35.6m33.3m27.7m32.2m32.9m34.7m20.5m33.9m

Gross profit

60.6m61.3m56.7m57.9m53.2m51.6m58.3m61.4m60.1m66.8m

Gross profit Margin, %

58%59%57%62%61%65%64%65%63%
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Cash

56.1m69.1m79.9m56.8m

Accounts Receivable

67.8m73.8m78.6m77.0m

Prepaid Expenses

8.9m9.4m6.0m5.5m

Inventories

33.0m29.2m26.6m19.9m
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(10.7m)7.6m11.1m41.4m

Depreciation and Amortization

21.1m13.6m17.0m8.3m

Inventories

(551.0k)3.8m2.6m6.6m

Accounts Payable

9.1m626.0k(18.1m)5.0m
Quarterly
USDQ3, 2018

Debt/Equity

-1.3 x

Debt/Assets

0.9 x

Financial Leverage

-1.4 x
Show all financial metrics

Avid Technology Operating Metrics

Avid Technology's Backlog was reported to be $401m in Q2, 2021. Avid Technology's Paying Subscribers was reported to be 346 k in Q2, 2021.
Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021

Paying Subscribers

116 k125 k137 k147 k170 k188 k218 k242 k269 k296 k324 k346 k

Cloud-enabled Software Subscriptions

116.37 k137.14 k147.68 k170.23 k217242269327346

Annual Contract Value

$248.5 m$237.1 m$245.6 m$257.6 m$264.2 m$265.3 m$271.9 m$302 m$293.1 m

Backlog

$459.1 m$459.7 m$444.8 m$443.6 m$435 m$423.6 m$402.9 m$416.8 m$401 m

Avid Technology Acquisitions / Subsidiaries

Company NameDateDeal Size
Orad Hi-Tech SystemsApril 13, 2015$70 m
Rocket NetworkFebruary 14, 2012
EuphonixApril 21, 2010
Blue Order SolutionsMarch 13, 2010
Maximum ThroughputJuly 31, 2009
SibeliusAugust 02, 2006$23 m
Sundance DigitalApril 13, 2006$12 m
MedeaMarch 02, 2006
WizooAugust 31, 2005
Pinnacle SystemsMarch 21, 2005$462 m
Show more

Avid Technology Revenue Breakdown

Embed Graph

Avid Technology revenue breakdown by business segment: 60.9% from Services and 39.1% from Products and Solutions

Avid Technology revenue breakdown by geographic segment: 6.7% from Other Americas, 14.0% from Asia-Pacific, 39.8% from United States and 39.5% from Europe, Middle East and Africa

Avid Technology Cybersecurity Score

Cybersecurity ratingPremium dataset

C

76/100

SecurityScorecard logo

Avid Technology Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Avid Technology Online and Social Media Presence

Embed Graph

Avid Technology Company Culture

  • Overall Culture

    B-

    69/100

  • CEO Rating

    A-

    75/100

  • Compensation

    C

    66/100

Learn more on Comparably

Avid Technology News and Updates

Avid Technology Announces Conference Call to Discuss Second Quarter 2022 Financial Results

Management to Participate in Oppenheimer 25th Annual Technology, Internet & Communications Conference Management to Participate in Oppenheimer 25th Annual Technology, Internet & Communications Conference

Avid Technology Announces Conference Call to Discuss First Quarter 2022 Financial Results

BURLINGTON, Mass., April 25, 2022 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President,…

Avid Technology Announces Conference Call to Discuss Fourth Quarter and Full-Year 2021 Financial Results

BURLINGTON, Mass., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, announced today that Jeff Rosica, Chief Executive Officer and President, and Ken Gayron, Chief Financial Officer and Executive Vice President, …

Avid Technology to Participate in the 24th Annual Needham Virtual Growth Conference

BURLINGTON, Mass., Dec. 22, 2021 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced that its executive management will participate in an investor conference during January 2022.

Virtual Music Instrument System 2020 Global Market Key Players – Avid Technology, Ableton, Image Line, Steinberg - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Virtual Music Instrument System Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

IT Leasing & Financing Market Growth Report, 2028, by Key Players: Adobe, Avid Technology, Ableton, Cockos & Magix | Radiant Insights, Inc.

SAN FRANCISCO, June 17, 2020 /PRNewswire/ -- The IT Leasing and Financing Market is anticipated to achieve significant revenue share by 2028. Leasing is an important and exclusively used source of financing. It allows entities, from multinationals to start-ups to acquire the right to use...
Show more

Avid Technology Blogs

Unwrapping Media Composer 2020.12

The post Unwrapping Media Composer 2020.12 appeared first on Avid Blogs.

Avid VENUE 7 Software Now Available!

The post Avid VENUE 7 Software Now Available! appeared first on Avid Blogs.

Embody and Avid Revolutionize Mixing & Mastering on Headphones with Immerse Virtual Studio Plugin

The post Embody and Avid Revolutionize Mixing & Mastering on Headphones with Immerse Virtual Studio Plugin appeared first on Avid Blogs.

What’s New in Sibelius — December 2020

The post What’s New in Sibelius — December 2020 appeared first on Avid Blogs.

Native vs. DSP-Powered Plugins: A Music Producer’s Guide

The post Native vs. DSP-Powered Plugins: A Music Producer’s Guide appeared first on Avid Blogs.

Understanding How Streaming Services Pay

The post Understanding How Streaming Services Pay appeared first on Avid Blogs.
Show more

Avid Technology Frequently Asked Questions

  • When was Avid Technology founded?

    Avid Technology was founded in 1987.

  • Who are Avid Technology key executives?

    Avid Technology's key executives are Jeff Rosica, Ken Gayron and Robert M. Bakish.

  • How many employees does Avid Technology have?

    Avid Technology has 1,405 employees.

  • What is Avid Technology revenue?

    Latest Avid Technology annual revenue is $409.9 m.

  • What is Avid Technology revenue per employee?

    Latest Avid Technology revenue per employee is $291.8 k.

  • Who are Avid Technology competitors?

    Competitors of Avid Technology include Telestream, GoPro and IEH.

  • Where is Avid Technology headquarters?

    Avid Technology headquarters is located at 75 Network Drive, Burlington.

  • Where are Avid Technology offices?

    Avid Technology has offices in Burlington, Berkeley, Burbank, Fremont and in 33 other locations.

  • How many offices does Avid Technology have?

    Avid Technology has 40 offices.