Avid 2005 Annual Report Download - page 3

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While we continued to mine our strengths in postproduction and broadcast, we took major strides in our growing
storage and networking business by significantly expanding our Avid Unity™family. In October 2005, we unveiled
Avid Unity ISIS™, a revolutionaryshared-storage system that leverages a distributed intelligence architectureto deliver
unprecedented scalability and fault tolerance. As more and more of our enterprise-level customers deploy IT-based
media networks in their facilities, Avid Unity ISIS is in the forefront of a new class of solutions that are designed to
meet the challenges of complex, networked production in deadline-intensive environments.
In our 3D animation and computer graphics group, we delivered a new version of our flagship SOFTIMAGE®|XSI®
3D animation solution, and previewed Face Robot™– a revolutionarytechnology that sets new standards in facial
animation for the film, postproduction, and games industries. The overwhelmingly positive response to these
products suggests that they will make a significant impact in the marketplace and further energize our 3D business.
AUDIO
Avid’s Audio division, Digidesign, had another solid year in 2005 as the trend toward computer-based mixing in both
the studio and live sound industries created increasing demand for our ICON and VENUE families of products. In the
home studio sector,quality,portability,and cost-consciousness continued to drive buying decisions, and this trend
benefited our Pro Tools LE™and M-Audio®product lines, which cater to aspiring musicians and recording enthusiasts.
Wealso launched a line of virtual softwareinstruments, which work within our digital audio workstations to expand
creative possibilities for composers, musicians, audio engineers, and other professionals.
CONSUMER
In the consumer video industry, Avid’snew Pinnacle division is pursuing two primaryopportunities: the global video
editing market and the European and Asian TV tuner markets. The main growth driver in the video editing market
has been the increase in the use of video capturedevices such as camcorders, digital still cameras with video capture
capabilities, and cell phones – a trend that is expected to continue in the foreseeable future. The TV tuner market
also presents a significant growth opportunity for Avid, as computer and TV-based consumer technologies continue
to converge.
With another record year behind us and positive momentum in all of our business segments, Avid is in a strong
position to continue on a trajectoryof growth, expansion, and innovation in the professional and consumer digital
content industries.
David Krall
President and CEO
“With another record year
behind us, Avid is in a strong
position to continue on
a trajectory of growth.”
–David Krall, president and CEO,
Avid Technology, Inc.