Avid Offers Cloud-Enabled Subscription Option for Avid NEXIS Storage

Rhea-AI Summary

Avid has launched its Avid NEXIS | Flex subscription service, allowing media organizations to utilize Avid NEXIS both on-premises and in the cloud with an OPEX payment model. This innovation was revealed at Avid's 2022 Investor Day. Avid NEXIS is recognized as the leading software-defined storage solution, facilitating collaborative video content creation. The subscription model offers customers financial flexibility, enabling gradual migration to cloud-based operations.

Positive

• Introduction of Avid NEXIS | Flex subscription enhances deployment flexibility for customers.
• Allows OPEX payment model transitioning from on-premises to cloud, improving cost management.
• Avid NEXIS is widely adopted globally, enabling collaboration for media production.
• Subscription plans provide operational agility in a fast-changing media landscape.

Negative

• None.

With the introduction of Avid NEXIS | Flex subscriptions, media organizations have the option to deploy Avid NEXIS with an OPEX business model, running Avid’s award-winning virtual file system on premises or in the cloud

BURLINGTON, Mass., May 25, 2022 (GLOBE NEWSWIRE) -- As unveiled yesterday during its 2022 Investor Day event at the Nasdaq MarketSite in New York City, Avid^® (Nasdaq: AVID), the leading media tech innovator for cloud-based content workflows, has made its award-winning Avid NEXIS^® media storage solution available as a subscription offering, enabling flexible deployment on premises or in the cloud.

Deployed in thousands of media operations globally, Avid NEXIS is the media industry’s leading software-defined storage solution designed for media creation workflows. Avid NEXIS enables hundreds of users to collaborate simultaneously to create video content—including feature films, news and sports, and TV entertainment and corporate media. With the addition of Avid NEXIS | Flex^TM subscription plans, Avid customers will enjoy flexible OPEX payment options that allow them to transition their workloads from on-premises to the cloud at their own pace.

At the core of Avid NEXIS is the innovative Avid Virtual File System, which enables ultra-high performance, collaborative workflows for media creation teams. This intelligent software layer, today in production at thousands of Avid customer sites worldwide, runs on commodity COTS hardware on premises or in the cloud.

“Avid NEXIS | Flex subscription plans offer our customers the option to transition their infrastructure spend to OPEX, as well as the flexibility to gradually migrate their software licenses to run on the cloud over time, as they embrace hybrid cloud deployment models, all with the proven collaborative workflows that Avid NEXIS is known for,” said Tim Claman, General Manager of Video & Media Solutions, Avid. “Avid NEXIS is the latest Avid product line to offer subscription plans, providing our customers with the financial flexibility and operational agility they need to navigate the rapidly-changing media marketplace.”

View Avid’s 2022 Investor Day presentations to learn more about the company’s market leading workflow solutions and cloud innovations for media creators.

Avid Powers Greater Creators 
People who create media for a living become greater creators with Avid’s award-winning technology solutions to make, manage and monetize today’s most celebrated video and audio content—from iconic movies and binge-worthy TV series, to network news and sports, to recorded music and the live stage. What began more than 30 years ago with our invention of nonlinear digital video editing has led to individual artists, creative teams and organizations everywhere subscribing to our powerful tools and collaborating securely in the cloud. We continue to re-imagine the many ways editors, musicians, producers, journalists and other content creators will bring their stories to life. Discover the possibilities at avid.com and join the conversation on social media with the multitude of brilliant creative people who choose Avid for a lifetime of success. 

© 2022 Avid Technology, Inc. Avid, its logo, Avid NEXIS and Avid NEXIS | Flex are trademarks or registered trademarks of Avid Technology, Inc. or its subsidiaries in the United States and/or other countries. All rights reserved. Other trademarks are property of their respective owners. Product features, specifications, system requirements and availability are subject to change without notice.

PR Contacts
Avid
Dave Smith
david.smith@avid.com
978.502.9607

Red Lorry Yellow Lorry (Avid’s PR agency)  
avid@rlyl.com

FAQ

What is the Avid NEXIS | Flex subscription service?

The Avid NEXIS | Flex subscription service allows media organizations to deploy Avid NEXIS with flexible OPEX payment options, supporting both on-premises and cloud-based operations.

How does Avid NEXIS support media creation workflows?

Avid NEXIS supports media creation workflows by enabling hundreds of users to collaborate simultaneously, optimizing video content production including films, news, and entertainment.

When was the Avid NEXIS | Flex subscription announced?

The Avid NEXIS | Flex subscription was announced on May 25, 2022, during Avid's 2022 Investor Day event.

What are the benefits of the Avid NEXIS subscription model?

The Avid NEXIS subscription model offers financial flexibility through OPEX payments, allowing gradual transition to cloud operations and enhancing operational agility for media organizations.

What is the stock symbol for Avid Technology?

The stock symbol for Avid Technology is AVID.