Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 From Investment in Avid Technology, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the May 24, 2013 Lead Plaintiff Deadline -- AVID

STEVENSON, Md., March 26, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the District of Massachusetts on behalf of purchasers of Avid Technology, Inc. ("Avid" or the "Company") (Nasdaq:AVID) common stock during the period between April 22, 2011 and February 22, 2013, inclusive (the "Class Period").

If you have suffered a net loss from investment in Avid Technology, Inc. common stock purchased on or after April 22, 2011, and held through February 22, 2013, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than May 24, 2013 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants' failure to disclose during the Class Period that the Company failed to account for software patches, upgrades, and enhancements as post-contract customer support in accordance with Generally Accepted Accounting Principles. According to the Complaint, following the Company's February 25, 2013 disclosure that it was postponing the release of its financial results for the fourth quarter of 2012 to evaluate its current and historical accounting treatment for software patches, upgrades, and enhancements, the value of Avid shares declined significantly.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

CONTACT: Charles J. Piven
         Brower Piven, A Professional Corporation
         Stevenson, Maryland
         410/415-6616
         hoffman@browerpiven.com