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.
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.
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.