WHITE PLAINS, N.Y.—SMPTE has joined with Avid to publish a new standard for the VC-3 codec in Interoperable Master Format (IMF). The VC-3 standard, a codec implementation that Avid provides under 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 ...

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 ...

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% ...

Subscription ARR of $150 million, an increase of 30.1% year-over-year, and total Annual Recurring Revenue (ARR) of $247 million, an increase of 8.1% year-over-year Subscription revenue of $39.4M, an ...

NEW YORK (Reuters) - Avid Technology 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 software ...

Avid Technology, the editing software company behind industry-standard platforms like Media Composer and Pro Tools, inked a multi-year AI deal with Google Cloud.

Media and entertainment technology provider Avid Technology (AVID) saw strong demand for its products in 2021 and ended the year with healthy margins and free cash flow. However, the stock has slumped ...