Digidesign and Rocket Network Announce Plans
for a Strategic Alliance
February 7, 2000
Digidesign and Rocket Network announce plans for a
technology and strategic partnership that provides Digidesign with a significant
equity stake in Rocket Network and a seat on the Rocket Board of Directors.
The companies intend to work together to develop technologies and services
that enable Pro Tools users to collaborate using Digi internet studios.
"Digi believes that the Internet will greatly expand collaboration
between audio pros in completely new and exciting ways," said Dave
Froker, President of Digidesign. "Our strategic investment in Rocket
ensures that our customers will have access to the world’s best tools
and technology for high quality collaboration with other Pro Tools users
— anywhere, anytime."
Rocket Network, Inc. is the first and only company to provide Internet
Recording Studios where audio professionals can meet online to collaborate
and produce original audio from anywhere in the world. The company’s
revolutionary technology provides a cost-effective and convenient complement
to traditional studios by reducing production expenses and increasing
creative alternatives for professional-quality audio in TV, film, radio,
music and web sites.
Digidesign’s Internet studios will be based on an enhanced version
of Rocket Network’s technology, and enable Pro Tools users to enjoy
the industry’s richest collaboration experience.
"We're delighted to be able to work with Digidesign to offer their
large community of high-profile audio professionals world-class internet
tools and technology," said Pam Miller, President and CEO of Rocket
Network. "Together, Rocket and Digidesign are committed to delivering
the ultimate web-based collaboration experience, today and in the future."
The terms of this strategic alliance are subject to the signing of definitive
documents.
Rocket Network CEO Pam Miller sits on the board of Harmony
Central's parent company, HarmonyCentral.com. Rocket and Harmony Central
also have both received funding from Vulcan Northwest, Inc.
For more information,
visit Digidesign at www.digidesign.com. | 
