Avid chairman, president and chief executive officer Louis Hernandez, Jr. rang the Nasdaq Stock Market Opening Bell in Times Square last Friday, January 16, an event celebrating a year of significant success for the provider of audio and video solutions.
In addition to its relisting on Nasdaq, over the past year the company has seen market response to its Avid Everywhere campaign, as well as strong customer adoption of the Avid MediaCentral Platform, which a company statement calls “its most significant product innovation since the company’s inception.”
“Nearly two years ago, Avid embarked on a bold and transformational journey to recapture the imagination of the media and entertainment industry, and to lead our industry in the face of rapid change and enormous pressure on business models,” states Hernandez Jr. “While there is still so much more to do, we have made tremendous progress over the past two years. We thank Nasdaq for the honor of opening the trading day, and remain grateful to our customers, partners, employees, and shareholders for their ongoing support.”
Avid enters the new year with aggressive product development and growth plans, including new cloud and subscription-based offerings, tools for aspiring professionals, and innovations for sophisticated professionals, studios, and media organizations. Avid will be announcing these new initiatives on January 22 at the 2015 NAMM Show in Anaheim.
