Avid Technology, Inc. (AVID)

26.89 +0.02 (+0.07%) At close: 04:00PM EDT

Avid Technology, Inc.

75 Blue Sky Drive
Burlington, MA 01803
United States
978 640 6789
https://www.avid.com

Sector(s): Technology
Industry: Software - Application
Full-time employees: 1,485

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jeffrey Rosica	Pres, CEO & Director	736.19k	N/A	1962
Mr. Kenneth L. Gayron	Exec. VP, CFO, Principal Financial Officer & Corp. Treasurer	478.92k	N/A	1970
Mr. Kevin W. Riley	CTO & Sr. VP	459.62k	N/A	1971
Mr. Tom J. A. Cordiner	Chief Revenue Officer & Sr. VP	559.51k	N/A	1970
Mr. Timothy Claman	Sr. VP and GM of Video & Media Solutions	447.33k	N/A	1967
Mr. Dave Perillo	Sr. VP of Operations & Supply Chain	N/A	N/A	N/A
Ms. Mariesa Victoria	VP & Chief Accounting Officer	N/A	N/A	N/A
Ms. Alessandra Melloni	Corp. Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Sr. VP	N/A	N/A	N/A
Ms. Joyce Butler	Chief HR Officer & SVP	N/A	N/A	N/A
Mr. David Toomey	Sr. VP & GM of Audio and Music Solutions	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution in the United States and internationally. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S1 and dock line audio control surface; S4 and S6 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. Avid Technology, Inc. was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

Corporate governance

Avid Technology, Inc.’s ISS governance QualityScore as of 1 October 2023 is 3. The pillar scores are Audit: 9; Board: 1; Shareholder rights: 4; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.