Press Releases

Results Impacted by COVID-19 Global Pandemic and In-Line with April 7 th Business Update Subscription Revenue Growth of 50% Year-Over-Year Drove Double-Digit Growth in Recurring Revenue Management Implemented $40 million Cost Savings Plan to Help Manage Business Through Global Pandemic BURLINGTON,

Strategic Cloud Partners Build on Early Success to Help Media Companies with Content Workflows in the Cloud;  Partners Respond Swiftly to Help Customers Work Remotely Amid the COVID-19 Global Health Pandemic BURLINGTON, Mass. , May 04, 2020 (GLOBE NEWSWIRE) -- Leading media and entertainment

Avid’s freemium strategy attracting whole new generation of content creators to paid subscriptions for the same tools used by the world’s most celebrated professionals BURLINGTON, Mass. , April 27, 2020 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ) today announced that aspiring creative people around

BURLINGTON, Mass. , April 17, 2020 (GLOBE NEWSWIRE) -- Avid (NASDAQ: AVID) today announced that it will host its 2020 Annual Meeting of Stockholders in a virtual format only due to the public health impact of the COVID-19 pandemic and to prioritize the health and well-being of meeting participants.

Expects to report record growth in new paid subscriptions in first quarter, resulting in improving subscription and maintenance revenue Revises first quarter guidance and withdraws full-year 2020 guidance given the impact of COVID-19 on the business environment Company believes it maintains

Avid’s new product introductions will take place online in April;  Avid and ACA will host regional Connect events after public safety is assured BURLINGTON, Mass. , March 10, 2020 (GLOBE NEWSWIRE) -- In response to the coronavirus outbreak, media technology leader Avid ® ( NASDAQ: Avid ) has today

Robust year-over-year Q4 subscription revenue growth of 54% leads to significant improvement in Recurring Revenue Continued gross margin expansion and strong Free Cash Flow BURLINGTON, Mass. , March 09, 2020 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the

BURLINGTON, Mass. , Feb. 24, 2020 (GLOBE NEWSWIRE) -- Avid ® ( NASDAQ: AVID ) , a leading technology provider that powers the media and entertainment industry, today announced that Jeff Rosica , Chief Executive Officer and President, and Ken Gayron , Executive Vice President and Chief Financial

In the newly established executive position, McManus’ additional role will expand the company-wide focus on customer success and ensure exceptional experiences for every Avid client and user BURLINGTON, Mass. , Feb. 10, 2020 (GLOBE NEWSWIRE) -- Building on its ongoing commitment to grow customer

Avid’s powerful and scalable workflow gives Genomedia the tools to quickly produce quality content and drive creativity BURLINGTON, Mass. , Jan. 29, 2020 (GLOBE NEWSWIRE) -- Avid ® ( Nasdaq: AVID ) today announced that Dubai -based production company Genomedia has transformed the way it produces