November 17, 2017

GIBSON BRANDS ANNOUNCEMENT REGARDING CAKEWALK, INC.

Gibson Brands announced today that it is ceasing active development and production of Cakewalk branded products. The decision was made to better align with the company’s acquisition strategy that is heavily focused on growth in the global consumer electronics audio business under the Philips brand.

Cakewalk has been an industry leader in music software for over 25 years by fusing cutting-edge technology with creative approaches to tools that create, edit, mix, and publish music for professional and amateur musicians. Gibson Brands acquired Cakewalk in 2013.

Gibson Brands, a growing company in the music and sound industries, was founded in 1894 and is headquartered in Nashville, Tennessee. Gibson Brands is a global leader in musical instruments, consumer electronics, and professional audio, and is dedicated to bringing the finest experiences to consumers by offering exceptional products with world- recognized brands.