"STG's expertise in the technology sector and significant financial and strategic resources will help accelerate the achievement of our strategic vision, building on the momentum of our successful ...

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 ...

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 ...

NEW YORK, Aug 9 (Reuters) - Avid Technology AVID.O 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 ...

Avid Technology AVID recently announced the launch of its latest Pro Tools release, 2022.09, with new features for the music community. The recent version of Pro Tools will provide music creators of ...

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 ...

BURLINGTON, Mass.—Avid has announced a five-year renewal of its cloud collaboration agreement with Microsoft. During the term of the new agreement, Avid will continue to develop and deploy its ...

Avid Technology Inc., a maker of audio and video editing tools, agreed to be acquired by private equity firm STG for about $1.4 billion, including debt. Under the terms of the deal, Avid investors ...

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 ...

BURLINGTON, Mass.--(BUSINESS WIRE)--Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its fourth quarter and full-year 2018 ...

Entertainment software industry veteran Paul Lypaczewski recently joined Avid Technology as vp and GM of its video business, where he's focusing on workflow and product integration as it continues to ...

The company faces a long recovery after the COVID-19 pandemic shut down the live entertainment industry. Prior to the COVID-19 pandemic, people looked forward to cheering on their favorite sports ...