Feeds

Avid buys Sibelius for a song

Shareholders score $23m

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Sibelius, the world’s favourite music notation software, has a new owner. Avid Technology, the US video editing firm, is shelling out $23m cash (£12.2m) for London-based Sibelius.

The surprise here is that Sibelius went so cheaply: around one-and-a-half times turnover. Just about every British secondary school - and many primary schools - and anyone doing a music degree will have a copy of Sibelius. The company claims 180,000 registered users worldwide, and it must have a large pool of pirated copies that it could convert to paying customers at some point.

It is doing pretty well from the paying customers. In the year to 30 April 2006, the firm made £818,000 ($1.54m) profit before tax (PBT), up 50 per cent on 2005. Sales were £8.2m ($15.45m), so PBT as a percentage of turnover was 10 per cent, up from eight per cent in 2005.

The balance sheet looks healthy too. Or it did at the end of April, when the company reported net assets of £2.45m ($4.6m). These are mostly liquid - i.e. real - assets: cash in bank and aged debtors minus money owed creditors. There was also £350,000 ($660,000) in stock. Presumably, all or most of the cash will go to Sibelius shareholders - or they really did let the company go for a song.

Sibelius will operate as a standalone unit within Avid's DigiDesign audio division. In due course it will offer bundles incorporating products from its new parent. These include M-Audio keyboards and microphones. ®

Internet Security Threat Report 2014

More from The Register

next story
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
iOS 8 release: WebGL now runs everywhere. Hurrah for 3D graphics!
HTML 5's pretty neat ... when your browser supports it
Mathematica hits the Web
Wolfram embraces the cloud, promies private cloud cut of its number-cruncher
Mozilla shutters Labs, tells nobody it's been dead for five months
Staffer's blog reveals all as projects languish on GitHub
'People have forgotten just how late the first iPhone arrived ...'
Plus: 'Google's IDEALISM is an injudicious justification for inappropriate biz practices'
SUSE Linux owner Attachmate gobbled by Micro Focus for $2.3bn
Merger will lead to mainframe and COBOL powerhouse
iOS 8 Healthkit gets a bug SO Apple KILLS it. That's real healthcare!
Not fit for purpose on day of launch, says Cupertino
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.