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Avid Technology

Location: One Park West
Tewksbury, MA 01876
Phone: 978-640-6789
Employees: 1,960
CEO: Gary Greenfield
Stock Symbol: AVID

Website: http://www.avid.com

Career Page

Avid is the leading maker of professional software for the motion picture, television and gaming industries. The company's flagship software, Media Composer, was introduced in 1989 and revolutionized production of TV shows and films by allowing easy editing on a desktop computer.

Many of the world's top television shows, commercials, music videos and movies are produced and edited using Avid technology. The company's software has earned many prestigious awards including 2 Oscar statuettes, a Grammy, and 14 Emmys.

Avid has a broad range of software available for a variety of uses including editing corporate videos, motion pictures, animation and news broadcasts. Some of Avid's most influential and pioneering software include Media Composer, Pro Tools, Avid Unity, Interplay, Oxygen 8, Sibelius and Pinnacle Studio.

In 2010, Avid reported revenues of $678.5 million and net loss of $36.9 million.

Headquartered in Tewksbury, Avid has a digital audio division (DigiDesign) in Daly City, CA and an animation division (SoftImage) located in Montreal. Avid products are marketed in 75 countries worldwide. The European headquarters is located in the United Kingdom. Asian headquarters is based in Singapore.

History

Avid was founded by Bill Warner in 1987 when he discovered a way to copy videotape footage in real-time to digital hard disks. This invention allowed a video editor to use a computer to easily view shots, make cuts and rearrange sequences faster than traditional tape-based methods. That pioneering discovery created a new “nonlinear editing” – or NLE – category in the media and entertainment industry, forever changing the way people edit moving video and film images.

Today, the company’s flagship digital video editing system, Media Composer, is used by the majority of the world’s professional film and television editors. As Avid’s digital video editing tools became a standard among professional picture editors in the mid-90s, Digidesign had also created a new audio category in the media and entertainment industry. Digidesign’s Pro Tools “digital audio workstation” – or DAW – quickly began replacing tape-based recording studios, revolutionizing the way composers, recording artists and sound engineers created and recorded music.

Seeing an increased convergence between digital video and audio, Avid acquired Digidesign in 1995, paving the way for Avid’s leadership position in its core audio and video segments.