Avid Technology Inc, a provider of video and audio editing software and equipment to filmmakers and recording studios, is exploring a potential sale, Reuters reports citing “people familiar with the matter.” Apple’s Final Cut Pro Reuters: The Burlington, Massachusetts-based company is working with Goldman Sachs Group on the sale process and has asked for binding offers from interested parties, the sources said. Founded in 1987, Avid provides editing software and hardware primarily to entertainment industries. Its products, which have been used in the production of blockbuster movies such as ‘Top Gun: Maverick’ and ‘Avatar: The Way of Water’, include Media Composer, MediaCentral and AirSpeed. In its first-quarter earnings, Avid’s annual recurring revenue grew 8.1% to $228 million, while its active…