Avid Technology names Daniel Keshian president; Curt Rawley becomes vice chairman.TEWKSBURY, Mass.--(BUSINESS WIRE)--Jan. 8, 1996--Avid Technology Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AVID) announced today the appointment of Daniel A. Keshian as president of the company. Keshian, formerly vice president and general manager of Avid's Post Production Division, will assume responsibility for all operations of the company. Avid also announced today that former president Curt A. Rawley has been named to the new post of vice chairman of the board. In this capacity, Rawley will focus on planning Avid's strategic direction and initiatives. All of Avid's senior staff will report to Keshian, who will report directly to the board. William S. Kaiser, Avid's chairman, said: "Avid has established leading positions in its digital media markets. We believe the management changes announced today will enable Avid to better focus on both short-term and long-term issues. I very much look forward to the contributions of Dan and Curt in their important new roles." -0- Avid Technology "Avid" redirects here. For the "Advancement Via Individual Determination" educational program, see AVID. Avid Technology, Inc NASDAQ: AVID is an American company specializing in video and audio production technology; specifically, digital non-linear media editing (NLE) Inc., headquartered in Tewksbury, Mass., is an international developer and supplier of all-digital solutions for capturing, creating, editing and distributing digital media on multiple platforms Refers to two or more operating environments, which typically include the CPU family and operating system. For example, if versions of a program run on Windows and the Macintosh, the software is said to support multiple platforms. . Joined through mergers with Digidesign, Elastic Reality and Parallax Software Parallax Software was a game developer who created the Descent series. Parallax Software was started by Matt Toschlog and Mike Kulas. After the release of Descent II, the company was split in two to form Volition, Inc. , Avid's product line encompasses industry-leading nonlinear film, video and audio editing Audio editing is the process of taking recorded sound and changing it directly on the recording medium (analog) or in RAM (digital). Audio editing was a new technology that developed in the middle part of the 20th century with the advent of magnetic tape recording. , special effects special effects, in motion pictures, cinematographic techniques that create illusions in the audience's minds as well as the illusions created using these techniques. and image processing software, as well as networking, server and storage technologies for applications such as television and film post production, broadcast news, desktop video, multimedia and music production. Avid is a registered trademark of Avid Technology Inc. CONTACT: Avid Technology Inc. Joan Lockhart, 508/640-3345 R. Scott Higgins, 508/640-6789 |
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