International. Avid announced that since last Monday, December eight, it listed its shares on the Nasdaq Stock Exchange. The company will continue to trade under the symbol AVID.
"We are very pleased that Avid's shares are returning to trading on Nasdaq. We believe this achievement offers current and future Avid investors a great opportunity to share in the success of our business, through more direct access to our shares. We continue to work to generate sustainable and profitable growth, while continuing to execute our plan to unlock Avid's full potential," said John Frederick, Executive Vice President and Chief Financial and Administrative Officer of Avid.
Ariel Sardinas, Sales Director of the Video Division of Avid Latin America, commented "returning to Nasdaq is an important milestone at the corporate level for the company. Our next challenge is to focus on demonstrating to our strategic partners, customers and users that Avid is the most comprehensive platform to take a step forward in digital content production. In addition, our efforts will remain focused on strengthening our Avid Everywhere strategic vision and developing a more positive and dynamic business environment in Latin America."
For his part, Jose Reveles, Sales Director of the Audio Division of Avid Latin America, highlighted "the return of Avid to Nasdaq demonstrates Avid's commitment to the industry and allows to continue the solid growth and expansion within the region in the different markets we serve, promoting the already successful S6 systems, S3L-X and Pro Tools 11 that are part of the Avid Everywhere vision.
Latin America continues with a positive market trend and has become an important growth region for Avid. The company expects to close the year on a positive trend and generate double-digit growth for fiscal 2015.
