Avid Technology, Inc.
May 3, 2016

Avid Aligns Global Footprint to Strengthen Innovation and Accelerate Customer Success

Company invests in new facilities and expert talent worldwide in order to expand R&D capabilities and provide 24/7 support to a growing global customer base

BURLINGTON, Mass., May 03, 2016 (GLOBE NEWSWIRE) -- Avid® (NASDAQ:AVID) today announced the results of a strategic global alignment focused on helping the company better serve customers. As part of its multi-year strategic, financial, and operational transformation, Avid is hiring hundreds of experienced media professionals at new state-of-the-art facilities in Asia, Europe, and the United States.

Avid is now able to significantly expand product development and R&D capabilities, and provide 24/7 support to customers in all regions of the world. This alignment enables Avid to better serve current customers, while positioning the company for growth over the months and years to come.

"Avid is a global company, and we are focused on providing the industry-leading innovation and support that our customers around the world need," said Avid Chairman, President, and CEO Louis Hernandez, Jr. "To support our aggressive growth strategy, we reassessed our global footprint to bring our people and facilities closer to clients. This strategic realignment reinforces our valuable heritage knowledge by adding hundreds of experienced industry experts at state-of-the-art facilities worldwide, putting Avid in the best position to serve customers moving forward."

Avid is leveraging the expertise of a high-tech global workforce to open new facilities in Asia, Europe, and the United States. Around 250 new employees have been added at new locations, including:

Additionally, Avid is committed to further investment in major US media markets, with more information coming later in 2016. For information on joining Avid during this transformative phase of growth, please visit www.avid.com/careers.

About Avid
Through Avid Everywhere™, Avid delivers the industry's most open, innovative and comprehensive media platform connecting content creation with collaboration, asset protection, distribution and consumption. Media organizations and creative professionals use Avid solutions to create the most listened to, most watched and most loved media in the world—from the most prestigious and award-winning feature films, to the most popular television shows, news programs and televised sporting events, as well as a majority of today's most celebrated music recordings and live concerts. Industry leading solutions include Pro Tools®, Media Composer®, ISIS®, Avid NEXIS™, Interplay®, ProSet and RealSet, Maestro, PlayMaker, and Sibelius®. For more information about Avid solutions and services, visit www.avid.com, connect with Avid on FacebookInstagram, TwitterYouTubeLinkedIn, or subscribe to Avid Blogs.

© 2016 Avid Technology, Inc. All rights reserved. Avid, the Avid logo, Avid Everywhere, Avid NEXIS, iNEWS, Interplay, ISIS, AirSpeed, MediaCentral, Media Composer, Pro Tools, and Sibelius are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. The Interplay name is used with the permission of the Interplay Entertainment Corp. which bears no responsibility for Avid products. All other trademarks are the property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice.

PR Contact:
Avid
Sara Griggs
Sara.griggs@avid.com
310-907-6909