Reprinted from an Apple press release:
CUPERTINO, Calif. and HAMBURG, Germany, July 1 /PRNewswire-FirstCall/ — Apple today announced it has acquired Emagic, a leading provider of professional software solutions for computer based music production. Emagic’s most popular product, Logic, is actively used by over 200,000 musicians around the world. Emagic will operate as a wholly owned division of Apple.
“Emagic has set the industry standard for professional music creation and production,” said Sina Tamaddon, Apple’s senior vice president of Applications. “We’re very excited to have the Emagic team join Apple and create more amazing products for musicians.”
Macintosh-based products account for over 65 percent of Emagic’s current revenues. Emagic’s Windows-based product offerings will be discontinued on September 30, 2002.