📋 Tender Overview
Company to focus resources on strengthening position with open collaborative platforms and cloud innovationEditShare a technology leader that specializes in collaboration security and intelligent storage solutions for media creation and management 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.EditShares 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 todays 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.EditShares long-standing relationship with the new Lwks team supports close collaboration providing customers the continued exceptional experience they expect.
