Italian blog Fanpage, has reported that US tech giant Apple Inc (NASDAQ:AAPL) has reportedly acquired Italian start-up Redmatica.
Fanpage has also obtained a document by Italy’s Communications Regulatory Authority, or AGCOM, which may offer a solid proof for the deal.
The small Italian company is focused on creating software applications for music editing. According to the local blog, the firm generates yearly revenues of less than €100,000 ($123,750) and a profit of some €26,000. The company’s Keymap Pro software is a sampled instruments editor. It markets three more products, all of which are intended to be run on Apple’s personal computer Mac.
According to another publication, Techcrunch, through the deal, the US major may be looking to bolster its staff or combine some of the acquired software into its offerings.
Apple was formed in 1976 and currently markets consumer electronics, computer software and personal computers. The company’s products include the Macintosh line of computers as well as the iPod, iPhone and iPad. Apple also develops software, including the Mac OS X operating system, the iTunes media browser, a multimedia suite called iLife and a productivity software, iWork. The company’s offering further includes the photography-focused software Aperture, its audio and film software Final Cut Studio and its Safari web browser, among others.