Avid
| Avid Technology, Inc.
|
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|---|---|
 |
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| legal form | Corporation |
| ISIN | US05367P1003 |
| founding | 1987 |
| Seat | Burlington , United States |
| management | Jeff Rosica, CEO |
| Number of employees | 1591 |
| sales | $ 512 million |
| Website | www.avid.de |
| As of December 31, 2016 | |
Avid Technology, Inc. is a US public company based in Burlington , Massachusetts , that manufactures software and hardware for media production. The German branch is located in Munich.
Avid's core products include Media Composer (called Avid in practical terms) - software for professional film finishing, Pro Tools - software for audio production, and Sibelius - a music notation program . The company's products have won several Emmy Awards and an Oscar in the Science and Technology category in 1998.
history
Avid was founded in 1987. The company has been listed on the stock exchange since 1993. Since then, the company policy has been characterized by buying and selling companies related to the sector. This trend began in 1995 with the takeover of Digidesign , the then manufacturer of Pro Tools .
In 2004, Avid bought Midiman Inc., known under the brand name M-Audio, for $ 165 million. A year later, AVID also took over its competitor Pinnacle Systems Inc. The price for this: $ 462 million. In 2006, Sibelius Software Ltd. by the Finn brothers for an estimated US $ 23 million. In January 2010 Avid took over Blue Order Technologies, based in Kaiserslautern.
The best-known AVID brands at this time are AVID-Video, Avid-Audio, M-Audio (M-Powered Protools software, hardware), Sibelius (sheet music software), Pinnacle, Sundance Digital (broadcast systems), Euphonix Inc. ( digital mixers). The product range thus includes software and hardware for film , audio , 2D - and 3D - animation , special effects , video games and streaming media .
On July 2, 2012, Avid announced extensive corporate restructuring due to ongoing quarterly losses: As part of this, the M-Audio division was sold to inMusic, the parent company of Akai Professional and Alesis , for US $ 17 million . Since then, InMusic has been handling the distribution of M-Audio through its own distribution channels. In addition, the Pinnacle brand including Avid Studio was sold to the Canadian Corel Corporation. Avid thus largely withdrew from the private customer business in order to focus more on its core competencies in the future.
Acquisition history
| year | company | Details / Notes |
|---|---|---|
| 1993 | DiVA Corporation | Creator of Videoshop , a Quicktime -based home video editing software. |
| 1994 | Digidesign | Makers of Pro Tools and Venue Live Mixing System |
| 1994 | Basys | ITN's newsrooms system, first sold to DEC, then to Avid |
| 1994 | Newsview | Newsroom computer system ( Novell- based) |
| 1995 | Elastic Reality | Creator of the Elastic Reality morphing software |
| 1995 | Parallax software | Makers of Matador , Illusion and Jester (drawing and painting software) |
| 1998 | Softimage | from Microsoft |
| 1998 | Tektronix | initially strategic alliance with Tektronix , then owner of Lightworks |
| 2000 | The Motion Factory | |
| 2000 | Pluto Technology | Hard disk recording playback server |
| 2001 | iNEWS | Newsroom Computer System (formerly Basys ) |
| 2002 | iKnowledge | Creator of Active Content Manager |
| 2003 | Rocket Networks | |
| 2004 | NXN | Media asset management software components |
| 2004 | Bomb Factory | in January |
| 2004 | M-Audio | Maker of digital and analog audio equipment and software |
| 2005 | Pinnacle Systems | in April |
| 2005 | Wizoo | in August |
| 2006 | Medéa Corporation. | in January, high-speed RAID storage |
| 2006 | Sundance Digital | in April, broadcast automation software |
| 2006 | Sibelius software | in August, music notation program |
| 2009 | Maximum throughput | in July |
| 2010 | Blue Order Solutions | in January, media asset management software |
| 2010 | Euphonix | in April |
| 2015 | ORAD | in April |
Products
- Media Composer
- Pro Tools
- Sibelius
- Adrenaline
- Nitris
- NewsCutter
- DNG (Digital News Gathering)
- DNxHD
- Symphony, Symphony Nitris
- DS Nitris
- Free DV
- Xpress Pro, Xpress Studio
- Xpress Pro HD
- Liquid, Liquid Chrome Xe
- Decoration
- Thunder
- MediaStream
- AirSpeed
- iNEWS Instinct
- iNEWS Command
- Capture Manager
- Media Browse
- Unity LANshare
- Unity MediaNetwork
- Unity ISIS
- Interplay
- Alienbrain
Web links
- Avid Annual Report (2006) (PDF; 1.8 MB)
- Corporate Profile . avid.com. Retrieved May 6, 2011.
- Artist Series Control Surfaces . avid.com. Retrieved May 6, 2011.
- Avid film editing software
Individual evidence
- ↑ a b Avid 2016 Form 10-K Report ( memento from April 23, 2017 in the Internet Archive ), accessed on April 22, 2017
- ↑ Academy Awards Database ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.
- ↑ Avid buys M-Audio , heise online August 15, 2004
- ↑ Avid buys Pinnacle ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. , Toms hardware March 22, 2005
- ↑ Avid buys Blue Order , broadcastnow February 4, 2010
- ↑ Avid sells Pinnacle: Corel takes over at VIDEOAKTIV
- ↑ Avid Technology to buy Digidesign ( Memento from November 4, 2012 in the Internet Archive )
- ^ Avid Announces Agreement to Acquire Euphonix. Avid, April 11, 2010; archived from the original on August 7, 2013 ; accessed on March 9, 2016 (English).
- ↑ Avid Enters Into a Definitive Agreement to Acquire Orad for € 5.67 Per Share. Avid, April 12, 2015; archived from the original on January 28, 2016 ; accessed on March 9, 2016 (English).
