EditShare Divests Lightworks and QScan Product Lines

EditShare LLC 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.

“EditShare’s 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 today’s 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.”

EditShare’s long-standing relationship with the new Lwks team supports collaboration providing customers the continued experience they expect.

The transaction is effective.  

Terms will not be disclosed.