About Avid Technology
Avid Technology is a company based in Burlington (United States) founded in 1987 was acquired by STG in August 2023.. Avid Technology has completed 8 acquisitions, including Blue Order Solutions, Euphonix and Nxn Software. Avid Technology operates in a competitive market with competitors including LiveU, Amagi, Telestream, Vizrt and Imagine Communications, among others.
- Headquarter Burlington, United States
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avid Technology (India) Private Limited
- Date of Incorporation 30 Aug, 2011
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$523.32 K (USD)7.64as on Mar 31, 2019
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Net Profit
$-10.07 K (USD)-142.09as on Mar 31, 2019
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EBITDA
$697.11 (USD)-98.34as on Mar 31, 2019
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Latest Funding Round
$150 M (USD), Debt – Conventional
May 16, 2018
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Investors
STG
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Blue Order Solutions
& 7 more
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Acquired by
STG
(Aug 10, 2023)
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Software Development Team
63 people
Sales and Marketing
42 people
Leadership Team
28 people
Product Management Team
27 people
Avid Team
11 people
Enterprise Team
10 people
Human Resources and Administration
8 people
Finance and Accounting
8 people
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Funding Insights of Avid Technology
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $150.0M
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First Round
First Round
(06 Jul 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Debt – Conventional - Avid Technology | Valuation |
investors |
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| Jul, 2017 | Amount | Post-IPO - Avid Technology | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avid Technology
Avid Technology has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include STG and NVM Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are managed across the UK.
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Founded Year | Domain | Location | |
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A private equity firm focused on mid-market software leaders.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avid Technology
Avid Technology has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Blue Order Solutions, Euphonix and Nxn Software. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Video production solutions for broadcast industry are offered.
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2011 | ||||
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Limited information available
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2001 | ||||
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Software solutions are provided for entertainment and design industries.
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avid Technology
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avid Technology Comparisons
Competitors of Avid Technology
Avid Technology operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LiveU, Amagi, Telestream, Vizrt and Imagine Communications, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Live video transmission solutions provider
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| domain | founded_year | HQ Location |
Cloud solutions for broadcast, streaming, and advertising industries are provided.
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| domain | founded_year | HQ Location |
Live and on-demand video streaming solutions are provided by Telestream.
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| domain | founded_year | HQ Location |
Cloud-based tools for media production and management are provided.
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| domain | founded_year | HQ Location |
Digital video processing and edge multiplexing solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avid Technology
Frequently Asked Questions about Avid Technology
When was Avid Technology founded?
Avid Technology was founded in 1987 and raised its 1st funding round 30 years after it was founded.
Where is Avid Technology located?
Avid Technology is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
What is the annual revenue of Avid Technology?
Annual revenue of Avid Technology is $523.32K as on Mar 31, 2019.
What does Avid Technology do?
Avid Technology was founded in 1987 and is headquartered in Burlington, United States. Software solutions are offered in the media technology sector to handle content creation, management, distribution, and monetization. Operations focus on suites such as Artist for audio, video, and graphics tools; Media for media handling and revenue generation; Storage for data capture and protection; and Studio for in-studio viewer engagement. Services support global media workflows.
Who are the top competitors of Avid Technology?
How many acquisitions has Avid Technology made?
Avid Technology has made 8 acquisitions, including Blue Order Solutions, Euphonix, and Nxn Software.
Who are Avid Technology's investors?
Avid Technology has 2 investors. Key investors include STG, and NVM Private Equity.
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