Avid Technology, Inc.
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Avid Technology, Inc. - overview
Established
1987
Location
Burlington, MA, US
Primary Industry
Software
About
Founded in 1987 and based in Massachusetts, US, Avid Technology, Inc. operates as a software development company. In August 2023, Symphony Technology Group agreed to acquire Avid Technology, Inc. in a public-to-private transaction.
The deal is expected to close during the fourth quarter of 2023, subject to Avid stockholder approval, regulatory approvals, and other customary closing conditions. The company will be delisted from NASDAQ. The transaction values the company at approximately USD 1. 4 billion.
As of 2023, the company is led by its Chief Executive Officer and President, Jeff Rosica. Avid Technology offers editing software and hardware solutions for the media and entertainment industries. The company’s product line includes DSP-accelerated hardware systems and audio interfaces like MBOX Studio, HDX, and MTRX; music production software for the media industry; AVID-LINK, an app that allows users to connect and collaborate with other audio and video creators; AvidPlay music distribution; control surfaces like AvidControl: a wireless control surface, Avid Dock, Avid S1, and Avid S3; multichannel video servers like FastServe and MediaCentral; integrated mixing systems like Avid Venue; media and workflow management products; shared and nearline storage systems for audio and video workflows; video editing software and hardware products; and many more.
Current Investors
Blum Capital Partners
Primary Industry
Software
Sub Industries
Storage, Computer & Related Peripherals, Multimedia & Graphics, Digital Media
Website
www.avid.com
Verticals
Cloud Computing, E-commerce
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Avid Technology, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private, Secondary Buyout | Completed | Avid Technology, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | Orad Hi Tec | - | ||||||||
| PIPE | Completed | Avid Technology, Inc. | - | ||||||||
| PIPE | Completed | Avid Technology, Inc. | - | ||||||||
| Trade Sale | Completed | M-Audio, Inc. | - |
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