Avid Technology, Inc. (Avid) provides technology products, solutions and services that enable the creation and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management and distribution. Digital media are video, audio or graphic elements in which the image, sound or picture is recorded and stored as digital values, as opposed to analog or tape-based signals. The Company’s products are used in production and post-production facilities; film studios; network, independent and cable television stations; recording studios; live-sound performance venues; advertising agencies; Government and educational institutions; corporate communication departments, and by independent video and audio creative professionals. The Company provides digital media content-creation products and solutions to customers in Broadcast and Media, and Video and Audio Post and Professional markets.