Here's the press statement...
TASCAM, and Garritan Corporation have announced the completion of the sale of technology assets relating to GigaStudio, Gigasampler, GVI, GigaPulse and all Giga products.
Gigasampler revolutionized the music industry when it was introduced in 1999 and its importance in the music world cannot be overstated. Giga products enjoy exclusive rights to Endless Wave technology, a patented system which allows large samples to be streamed directly from the hard drive with low latency. Giga became the professional's sampler of choice for many film, game and television composers, including many high-profile musicians. Giga has led the industry throughout the past decade. Garritan also has a history with Giga, and the Giga technology fits into Garritan's mission to revolutionize music technology and provide musicians with the tools needed to make great music.
"After reviewing over twenty companies, we believe that Garritan is the best candidate to carry on development of the Giga platform", stated Derek Davis, EVP/COO of TEAC America, Inc. "Garritan has demonstrated a sincere interest in building on the present Giga technology and taking it to the next level."
"We're very excited about this opportunity and proud to own some of the very best sampling technologies on the planet," said Gary Garritan, CEO of Garritan Corporation. "Acquiring the Giga technology helps us achieve our vision of providing the best tools to make great music available to all musicians."
Garritan will be announcing its plan for the assets in the coming months.
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