Steinberg Media Technologies GmbH has announced that it has acquired the eLicenser technology of crypto and security solutions provider Syncrosoft Hard- und Software GmbH for an undisclosed sum. The assets acquired from Syncrosoft include the development team and know-how behind the USB and Soft-eLicenser products used by Steinberg and several other companies. Steinberg will offer the eLicenser solutions to third parties, which will continue to utilize the MCFACT technology.

"We're very pleased to open up a new area of business for Steinberg, namely to offer an outstanding eLicensing solution to the audio industry and beyond," says Andreas Stelling, Steinberg's General Manager. "We want to add further services to the existing solution, and in doing so to offer more benefits for end customers. We're looking forward to working with all current Syncrosoft eLicenser customers, and to expanding this platform over the long term. Steinberg software customers will also benefit from this acquisition, as it will improve the integration of the eLicenser solution within our software products," Stelling continues.