Avid 1997 Annual Report Download - page 55

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10 years
1997
1987
’87 | Avid Technology, Inc.
is founded by William J. Warner.
’89 | Avid demonstrates the original
Avid/1 Media Composer®nonlinear
editing system at NAB and it ships
in December.
’90 | Avid opens its first office in
Europe.
’92 | Avid opens its first office in
Asia-Pacific.
’92 | Avid sells its 500th Avid/1
Media Composer system.
’92 | Avid introduces Film
Composer®, the industry’s first
24-frames-per-second nonlinear
editing system.
’93 | Avid concludes a successful IPO
and registers shares on NASDAQ.
’93 | Neil Simon’s “Lost in Yonkers,”
is the first widely released film cut
on the Avid Film Composer system.
’93 | Avid receives an Emmy award
from the National Academy of
Television Arts & Sciences in New
York for outstanding achievement
in engineering and development.
’93 | Avid employees receive an
Emmy award from the Academy of
Television Arts & Sciences in
Los Angeles for outstanding
achievement in engineering and
development of the Media
Composer system.
’94 | Avid acquires BASYS
Automation Systems and BASYS
Automation Systems Limited and
merges with SofTECH Systems, Inc.
’95 | Avid merges with Digidesign®,
Inc.
’95 | Avid receives a “1994 Scientific
and Engineering Award” from the
Academy of Motion Picture Arts &
Sciences for the Film Composer
system.
’95 | Avid acquires Parallax
Software, Inc. and Elastic Reality®,
Inc.
’96 | Avid and Apple®Computers
introduce Avid Cinema™.
’96 | Celine Dion’s multiple Grammy-
winning album “Falling into You,”
is produced using Pro Tools®.
’96 | Avid launches the MCXpress™
system for Macintosh®and
Windows NT®.
’96 | CNN Headline News is the first
broadcast network to replace
traditional tape-based editing
with Avid’s server-based Digital
News Gathering (DNG) System.
’97 | Avid entered into strategic
alliances with both Intel®and
Matsushita®to support it’s
development plans.
’97 | Walter Murch receives
the Best Film Editing Oscar
for “The English Patient.” Cut
on the Film Composer system,
the movie is the first digitally-
edited film to be recognized in
the Best Film Editing category.
’97 | Avid employees receive
Technical Achievement Awards
from the Academy of Motion
Picture Arts & Sciences for Elastic
Reality special effects software.
’97 | Industrial Light & Magic
uses Avid Media Illusion™
to create special effects for
the summer blockbuster
“Men In Black”.
’97 | Avid launches the AvidNews™
newsroom computer system.
celebrating 10years of innovation