[MEI-L] Fwd: MakeMusic Purchases Recordare Assets

[Craig Sapp]

Hi MEIers,

In case you haven't heard, Finale bought MusicXML this week (see
initial announcement below).

-=+Craig

---------- Forwarded message ----------
From: Recordare Information <info at recordare.com>
Date: Wed, Nov 2, 2011 at 1:28 PM
Subject: [MusicXML] MakeMusic, Inc. Enhances Technology Leadership By
Purchasing Recordare Assets
To: musicxml at recordare.com


MAKEMUSIC, INC. ENHANCES TECHNOLOGY LEADERSHIP BY PURCHASING RECORDARE
ASSETS

Recordare Founder Michael Good to join MakeMusic Team as Director of
Digital Sheet Music

Minneapolis - November 2, 2011 - MakeMusic, Inc. (NASDAQ: MMUS)
announced it has entered into an agreement to acquire selected assets
of Recordare LLC, the Internet music publishing and software company.
Closing is expected to occur during the fourth quarter.

Under the terms of the agreement, MakeMusic is purchasing the MusicXML
open format and Dolet software technology, including copyrights,
source code, and trademarks. MakeMusic also announced that the founder
of Recordare and inventor of MusicXML, Michael Good, will be joining
MakeMusic as the Director of Digital Sheet Music.

"This acquisition demonstrates our commitment to the ongoing
development and support of an open notation format to the entire music
community," said Karen van Lith, MakeMusic CEO. "The synergy between
MusicXML and Dolet software enhances MakeMusic's renowned family of
music products, further establishing us as the technology leader, and
I am thrilled to have the creative talents of Michael Good to help us
drive innovation in the music industry."

"Today is a momentous day for Recordare and MusicXML," said Michael
Good, Recordare founder and CEO.  "MakeMusic has been MusicXML's
earliest and most significant supporter. It's the world's largest
company devoted to music notation, practice, and digital sheet music
technology. In considering the sale of Recordare's intellectual
property, I was looking for a company committed to creating new
advances in the world of interactive digital music notation. MakeMusic
was clearly the best fit."

MusicXML has become the standard for musical notation interchange and
is an Internet-friendly way to publish musical scores. The technology
enables musicians to distribute interactive sheet music online and to
use sheet music files with a wide variety of musical applications.
MusicXML will continue to be available under the same open and
royalty-free license as before and is supported by more than 150
applications.

Recordare's Dolet software for Finale and Sibelius uses the MusicXML
format to provide a universal translator. Just as word-processing and
spreadsheet programs have been sharing formats for years, with
MusicXML, musicians can write in one program and share their creations
with people who prefer to use another program. Upon closing, MakeMusic
will provide the Dolet software at no charge.

Dozens of companies and organizations support MusicXML, including Avid
Technology Inc., Noteflight, LLC, Microsoft Research, Steinberg Media
Technologies GmbH, Cakewalk Inc., Notion Music Inc., Musitek
Corporation and the Massachusetts Institute of Technology Music
Program.

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 Statements]

SOURCE: MakeMusic, Inc.

Company Contact:

MakeMusic, Inc.
Karen VanDerBosch
Chief Operating Officer and Chief Financial Officer
MakeMusic, Inc.
(952) 906-3690
kvanderbosch at makemusic.com