Company to focus resources on strengthening position with open collaborative platforms and cloud innovation
Boston, MA – September 15, 2020 – EditShare®, a technology leader that specializes in collaboration, security, and intelligent storage solutions for media creation and management, today announced the sale of its Lightworks non-linear editor and QScan quality assurance assets to technology partner, Lwks Software Ltd. The transaction includes the Lightworks and QScan products and associated personnel.
“EditShare’s mission is to develop open platforms that facilitate collaborative editing and media management workflows on-premise and in the cloud. This transaction allows us to sharpen our focus on our storage and media management solutions while maintaining a commitment to openness in support of many technology and vendor touch points across the content supply chain. It also allows us to focus on virtualizing and innovating this connected media ecosystem in the cloud, which is critical for our customers in today’s climate,” states Conrad Clemson, CEO, EditShare. “We are pleased to execute this transaction with Lwks Software. Their focus on the NLE market aligns very nicely with the assets they are purchasing from EditShare.”
EditShare’s long-standing relationship with the new Lwks team supports close collaboration providing customers the continued exceptional experience they expect.
The EditShare-Lwks Software Ltd. transaction is effective 9am BST today. Terms will not be disclosed.
EditShare is a technology leader in networked shared storage and smart workflow solutions for the production, post-production, new media, sports, and education markets. Whether you need on-prem, cloud, or hybrid solutions, our products improve efficiency and workflow collaboration every step of the way. They include media optimized high-performance shared storage, archiving and backup software, a suite of media management tools and a robust set of open APIs that enable integration throughout the workflow. Customer and partner success are at the heart of EditShare’s core values ensuring a world-class experience that is second to none.
©2020 EditShare LLC. All rights reserved. EditShare® is a registered trademark of EditShare.
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