Avid Technology announced today that its Board of Directors approved a $100 million increase in authorized funds for the stock repurchase program that it announced on April 26, 2007. Prior to this increase, Avid completed stock repurchases under the program totaling approximately $100 million, the original authorized fund amount. Under the program, the company may repurchase shares through transactions on the open market, in block trades or otherwise. The stock repurchase program is funded using the company’s working capital.