Avid Divests Consumer Businesses and Streamlines Operations at DVinfo.net

Chris Medico · July 2nd, 2012, 07:49 AM

BURLINGTON, MA, 2012-07-02

Today Avid® (NASDAQ: AVID) initiated a series of strategic actions to focus the company on its Media Enterprise and Post & Professional customers and to drive improved operating performance. As part of these actions, the company is divesting its consumer businesses. With these changes, Avid will concentrate on core markets where its deep domain expertise, track record of technical innovation, and strong brand offer the greatest opportunity for success.

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Full release here - Avid |News Room

July 2nd, 2012, 07:49 AM	#1
Chris Medico Inner Circle Join Date: Aug 2006 Location: Efland NC, USA Posts: 2,322	Avid Divests Consumer Businesses and Streamlines Operations BURLINGTON, MA, 2012-07-02 Today Avid® (NASDAQ: AVID) initiated a series of strategic actions to focus the company on its Media Enterprise and Post & Professional customers and to drive improved operating performance. As part of these actions, the company is divesting its consumer businesses. With these changes, Avid will concentrate on core markets where its deep domain expertise, track record of technical innovation, and strong brand offer the greatest opportunity for success. ----------------------- Full release here - Avid \|News Room __________________ http://www.LandYachtMedia.com