Apple has reportedly finalized an agreement to buy Redmatica, a small Italian music editing software developer.
The news comes from Italian site Fanpage which cites a mention of the Apple acquisition on the weekly bulletin of Autorita per le Garanzie nelle Comunicazioni (AGCOM), the Italian Communications Regulatory Authority.
Redmatica develops digital music editing software for Apple’s Mac ecosystem. They have made Keymap Pro, ProManager, GBSampler Manager, and AutoSampler.
In a post on Fanpage.it, the publication says that Redmatica made revenue of less than €100,000 last year with a net income of €26,000.
As confirmation of the purchase, the publication posted the following excerpt from the AGCOM bulletin (via Google Translate):
Description of Operation
Under the provisions of the contract “Asset Purchase Agreement Relating to the business as an ongoing concern of Redmatica Srl” (hereinafter the Agreement) with the present operation, Apple intends to acquire, through a transfer of non-essential assets (defined as the “Excluded Assets”) of Redmatica Srl will be excluded from the scope of the acquisition. By way of example, are among the Excluded Assets some credits and debts, the company cars.
It’s quite possible that Redmatica is being acquired by Apple to integrate its employees to the existing teams which develop Garageband and Logic Pro.
Image from Rob Boudon on Flickr (CC)