Avid - M&A Summary, Ownership, and Business Overview

SoftwareCompany

Avid M&A Summary

Avid has acquired 19 companies of its own. A total of 5 acquisitions came from private equity firms. It has also divested 2 assets.

Avid’s largest acquisition to date was in 2015, when it acquired Orad Hi-Tec Systems for $60M. It’s largest disclosed sale occurred in 2008, when it sold Softimage to Autodesk for $35M. Avid has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include software (67%) and media (12%).

Avid Ownership

Who owns Avid?

Avid is owned by Sixth Street Partners and STG. It was acquired on August 9, 2023.

Is Avid PE-backed?

Yes. Avid is owned by private equity investors Sixth Street Partners and STG.

Avid Business Overview

Where is Avid headquartered?

Avid is headquartered in Burlington, Massachusetts.

What is Avid’s revenue?

Avid disclosed revenue of 417M USD for 2022 and 410M USD for 2021.

How many employees does Avid have?

Avid has 1,485 employees.

What sector is Avid in?

Avid is a software company.

When was Avid founded?

Avid was founded in 1987.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity18
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 8

Avid

Avid Technology, Inc.

75 Network Drive,
Burlington, Massachusetts 01803
United States,
(978) 640-6789
www.avid.com

Avid is a provider of audio and video technology for media organizations and independent professionals. Company customers use Avid solutions to create, distribute, and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts, and news broadcasts. Avid was founded in 1987 and is based in Burlington, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 18 - - - - - 18
vol $187M $187M
Sell (0.0/yr) # 2 - - - - - 2
vol $35M $35M
  20

Most Recent M&A

Company Date Value Type
Orad Hi Tec Systems Ltd. 2015-04-13 60M USD Add-on Acquisition
Kfar Saba, Israel · www.orad.tv
Orad Hi-Tec Systems Ltd. 2015-04-12 60M USD Add-on Acquisition
Kfar Saba, Israel · www.orad.tv
Pinnacle Systems, Inc. 2012-07-02 - Divestiture
Mountain View, California · www.pinnaclesys.com
Euphonix, Inc. 2010-04-21 - Add-on Acquisition
Mountain View, California
Blue Order Solutions AG 2010-01-01 - Add-on Acquisition
Kaiserslautern, Germany · www.blue-order.com
Maximum Throughput, Inc. 2009-07-31 - Add-on Acquisition
Montreal, Quebec
Softimage 2008-10-23 35M USD Divestiture
Montreal, Quebec · www.softimage.com
Sibelius Software Ltd. 2006-08-02 23M USD Add-on Acquisition
London, United Kingdom · www.sibelius.com
Sundance Digital, Inc. 2006-04-13 - Buyout (LBO, MBO, MBI)
Irving, Texas · www.SundanceDigital.com
Medea Corporation 2006-01-31 - Add-on Acquisition
Westlake Village, California · www.Medea.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 12 (67%) 127M (68%) 2 (100%) 35M (100%)
Media 2 (11%) - - -
Electronics 1 (6%) - - -
Information Technology 1 (6%) 60M (32%) - -
Internet Software and Services 1 (6%) - - -
Technology Hardware 1 (6%) - - -
Total 18 $187M 2 $35M

By Geo

State/Country Buy Value Sell Value
United States 11 44M 1 -
  California 7 44M 1 -
  Wisconsin 1 - - -
  Texas 1 - - -
  Rhode Island 1 - - -
  Massachusetts 1 - - -
Canada 2 - 1 35M
  Quebec 2 - 1 35M
Germany 2 - - -
Israel 2 120M - -
United Kingdom 1 23M - -
Domestic 11 (61%) 44M (24%) 1 (50%) -
Cross-border 7 (39%) 143M (76%) 1 (50%) 35M (100%)
Total 18 $187M 2 $35M

Deal Values

buy # Total
< $100M 4 $187M
TOTAL $187M
Largest Orad Hi-Tec Systems Ltd.
$60M (2015-04-12)
sell # Total
< $100M 1 $35M
TOTAL $35M
Largest Softimage
$35M (2008-10-23)

M&A Connections

Deals
Acquired from
Investor(s)
22%
4 (22%)
Strategic(s)
6%
1 (6%)
Divested to
Strategic(s)
100%
2 (100%)

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