BandLab Technologies has acquired some assets and the complete intellectual property of Cakewalk Inc. from Gibson Brands. Gibson has recently been shedding subsidiaries and brands in an effort to avoid bankruptcy.
"Cakewalk has been an industry leader in professional music software, delivering cutting edge technology that has empowered producers and artists alike around the world for more than 30 years," soad CEO of BandLab Technologies, Meng Ru Kuok. “The teams at both Gibson and BandLab felt that Cakewalk’s products deserved a new home where development could continue. We are pleased to be supporting Cakewalk’s passionate community of creators to ensure they have access to the best possible features and music products under the BandLab Technologies banner.”
The deal includes only the transfer of Cakewalk Inc.’s assets and intellectual property. No other details of the deal have been released.
More information will be shared about product roadmap and future features in in the coming weeks.