CEO of BandLab Technologies, Meng Ru Kuok said: “We are very excited to be bringing Cakewalk Inc’s products into the BandLab Technologies stable. 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.
“We have immense respect for Cakewalk’s legacy and the incredible community of people who love the brand and rely on its products in both their personal and professional lives.
“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 due course.
Cakewalk joins BandLab Technologies’ other key brands including BandLab (social music platform), MONO (cases), Harmony Guitars, Teisco, and a 49% stake in Rolling Stone.
The company has also recently beta launched BandLab for Education, which builds on its mission to “grow more creators around the world and make music creation more accessible than ever”.
Gibson acquired Cakewalk in 2013. It announced in November 2017 that it was ceasing active development and production of Cakewalk branded companies.
Last week, reports circulated that Gibson is rapidly running out of time to resolve debt issues and could be facing bankruptcy, causing many to ponder what will happen to brands such as Cakewalk that it has acquired over the years.
The guitar maker has since responded with a statement insisting the company will see “success for years to come”.