1. Avid Board to Add Daniel Silvers as New Independent Director

    Avid Board to Add Daniel Silvers as New Independent Director

    Avid Technology, Inc. (Nasdaq: AVID) ("Avid" or the "Company"), a leading global media technology provider for the creation, distribution and monetization of media assets for global media organizations, enterprise users and individual creative professionals, today announced that it would add a new independent director, Daniel B. Silvers, Managing Member of Matthews Lane Capital Partners LLC, to the Company’s Board of Directors. The Board is expected to elect Mr. Silvers at its next regularly scheduled meeting on March 8 ...

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    1. Dan will bring extensive Board experience to our company.  With our strategic transformation complete, we are positioned to capitalize on our strong market position to generate profitable growth.  We believe that Dan's experience and skills will complement the strong mix of experience and skills held by the existing Board members.
    2. Our Board routinely evaluates its composition to ensure it encompasses a wide range of appropriate skills and expertise to provide increased value to shareholders.
    3. I am honored to join Avid's Board.  I look forward to the opportunity to work closely with my new colleagues on the Board and management team to support Avid's further growth.  I am confident in the Board's ability to work closely to realize the full potential of the company.
    4. The addition of Dan to the Avid Board will undoubtedly bring a fresh perspective.
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