The company closed it NY and Lyon operations in 2001 and in 3Q 2002 MMUS discontinued the digital sheet music business which was primarily the business of the Net4Music SA subsidiary. All these years, the company had not profitable and the merger exacerbated the losses even further. The employee count went from 45 at the end of 1999 to 205 at the end of 2000. The combined company had operations in France, New York, Madagascar and Minnesota. Net4Music S.A.'s core business was focused on marketing digital sheet music. The combined company was then renamed to Net4Music Inc. NASDAQ: COMT) in a reverse merger transaction on October 19, 2000. Net4Music SA a French company, completed the acquisition of MakeMusic (then Coda Music Technology, Inc. There is a bit of rough history around the 2000 time frame.
#Finale printmusic 2010 creating 3 part software
The Vivace system underwent several transformations as discussed later, and started experiencing rapid growth once it was re-incarnated in its current form which is a subscription based software business. Fast forward to 2010, the Finale product has grown into a market leading product family with six distinct products and price points. In June 1994, the Company introduced the Vivace system, an innovative musical accompaniment system that responds to the musician in real-time. Following the acquisition, the primary business of the Company consisted of enhancing, marketing and selling Finale products while developing Vivace products.
Coda Company also had established distribution relationships and an existing infrastructure with product development, sales, marketing and administrative capabilities. Coda Company was a partnership started in 1988 that developed the established music notation software called Finale, and a reputation for producing quality music technology products. On December 31, 1992, the Company acquired Coda Company and subsequently changed its name to Coda Music Technology, Inc.
MakeMusic was organized in November 1990 under the name Vivace, Inc. SmartMusic key differentiation is music accompaniment. SmartMusic combines a software application, a library of thousands of music titles and skill-development exercises, and a web service to provide students with a compelling experience and teachers with the realistic means to document the progress of every student. MMUS growth potential lies with SmartMusic®, a subscription-based software product directed towards the very large and constantly renewing market of music students and their teachers. Music notation software is a niche business, with limited growth opportunity since only a small percentage of musicians ever notate music. The well-established Finale® family of music notation software products provides a solid base business that serves a large customer base, and generates consistent revenue through sales of new products, annual upgrades and trade-up campaigns. Its software product sales are made through traditional distribution channels and MakeMusic’s Web sites. The company’s products provide alternatives to traditional practice, education, and composition techniques. founded in 1990 develops and markets proprietary music technology solutions under the Finale and SmartMusic brands. Net Income and EPS excluding the benefit would have been $1 million and $0.21 respectively. * - In Q4 2009, MMUS had realized a $2.5million tax benefit. Note: All figures in millions except for EPS.
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