Celebrating our Nasdaq Relisting with the Ringing of the Opening Bell

By in Music Creation, Video Editing

At 9:30 AM EST on Friday, January 16, Avid Chairman, President and Chief Executive Officer Louis Hernandez, Jr.— with the Executive Team—ushered in Avid’s opening trading day on the Nasdaq stock market with a live bell ringing at the start of the day’s trading.

Full Text of Louis Hernandez, Jr. Remarks

On behalf of everyone at Avid, we are thrilled to be here opening the trading day.

Nearly two years ago, Avid embarked on a bold and transformational journey to recapture the imagination of an industry undergoing tremendous change – to help the media and entertainment industry fight to regain its footing in the face of enormous changes in the industry, and to solve the most critical challenges it was facing. That required us to change, too.

And while there is still much to do, I’m enormously proud of the success Avid has already achieved.

From making the most significant product introduction since Avid’s beginning more than 25 years ago, including cloud capabilities and subscription options … to recasting what stellar service means to our clients … to creating a formal customer association that some have called the largest, most collaborative network of media professionals in the world… and of course we can’t forget the completion of all the hard work that has brought us back to Nasdaq, and I want to thank Nasdaq for all of their help and support during this process.

We have come a very long way in a short time. But we have much more in store for our community of customers, partners and employees. And of course through it all, we never forget our commitment to delivering value to our shareholders. We appreciate their trust and support.

So we’re moving more aggressively than ever. In a few days, we will announce significant innovations for music and sound professionals – the next phase of Avid Everywhere for audio.  Stay tuned for that.

But for now, we are honored and humbled to be standing here ready to open the NASDAQ trading day.

Thank you,

Louis Hernandez, Jr.

Avid Chairman, President and Chief Executive Officer

This event celebrates a year of tremendous success for Avid. In addition to being relisted on Nasdaq, over the past year we have seen dramatic market response to Avid Everywhere, as well as strong customer adoption of the Avid MediaCentral Platform, our most significant product innovation since the company’s inception.

Avid enters the new year with aggressive product innovation and growth plans, including new cloud and subscription-based offerings, tools for aspiring professionals just getting started in their careers, and significant innovations for the most sophisticated professionals, studios, and media organizations. Watch for news about major audio innovations we’ll be making on January 22 from The NAMM Show in Anaheim, CA.















I'm Social Media Manager for Avid and editor-in-chief of Avid Blogs. You can find me on Twitter at @editorbelga.