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MakeMusic, Inc. Closes On Acquisition Of Recordare Assets

Stocks in this article: MMUS

MakeMusic, Inc. (NASDAQ: MMUS) today announced that it has completed the acquisition of selected assets of Recordare ® LLC, the Internet music publishing and software company. Under the terms of the agreement, MakeMusic purchased the MusicXML™ open format and Dolet ® software technology, including copyrights, source code and trademarks.

Following today's acquisition closing, Recordare founder and MusicXML inventor Michael Good will assume the role of director of digital sheet music at MakeMusic.

“This transaction strengthens MakeMusic’s position as a global leader of music innovation,” said Karen van Lith, MakeMusic CEO. “With support of more than 150 music software applications, Recordare’s MusicXML format is a key element in the future of digital music notation.”

Follow Finale from our Community page, which offers access to the Finale Blog, Forum and links to Finale’s presence on Twitter, Facebook and YouTube.

Follow SmartMusic from our Community page, which offers access to the SmartMusic Blog, Forum and links to SmartMusic's presence on Twitter, Facebook and YouTube.

About MakeMusic, Inc.MakeMusic ®, Inc. is a world leader in music technology whose mission is to develop and market solutions that transform how music is composed, taught, learned and performed. For more than 20 years, Finale ® has been the industry standard in music notation software, enabling composers, arrangers, musicians, teachers, students and publishers to create, edit, audition, print and publish musical scores. MakeMusic is also the creator of SmartMusic ® interactive software that is transforming the way students practice. With SmartMusic, students and teachers have access to thousands of band, orchestra and vocal pieces allowing students to practice with background accompaniment and get immediate feedback on their performance. SmartMusic allows teachers to individualize instruction and document the progress of every student. The SmartMusic® Inbox™, an Android™ and Apple ® mobile application, provides additional access for teachers to review, grade, and comment on student assignments. MusicXML™ is an Internet-friendly way to publish musical scores, enabling musicians to distribute interactive sheet music online and to use sheet music files with a wide variety of musical applications. Additional information about this Minnesota company can be found at www.makemusic.com.

Cautionary StatementsCertain statements found in this release may constitute forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the speaker’s current views with respect to future events and include any statement that does not directly relate to a current or historical fact. Our forward-looking statements in this release relate to our position as a leader of music innovation and the MusicXML format being a key element of digital music notation. Examples of risks and uncertainties for MakeMusic include, but are not limited to, those factors described from time to time in our reports to the Securities and Exchange Commission (including our Annual Report on Form 10-K). Investors should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions investors should take into account when making investment decisions. Shareholders and other readers should not place undue reliance on “forward-looking statements,” as such statements speak only as of the date of this release. We do not intend to update publicly or revise any forward-looking statements.

Copyright Business Wire 2010

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