Stretham, UK (February 26, 2008)--Digital audio products developer SADiE, Studio Audio & Video Limited, has shuttered its doors and laid off staffers in the UK, following a severe downsizing of its North American presence.
A statement on the company's website reads:
"Administrators were appointed to SADiE, Studio Audio & Video Limited, on 15 February. The company, based in Stretham, near Cambridge in the UK, is a developer and manufacturer of PC-based digital audio workstation products and had been established in 1991.
"Steven Law from accountancy firm Ensors was appointed Administrator to try to seek a rescue of the business. He said 'Although we had to lay off the workforce upon my appointment, with the help of some former staff, we are carrying on the business on a limited basis in order to fulfill customer orders. In the meantime, I am interested in talking to potential purchasers with a view to them acquiring the whole or parts of the business and I would urge any interested party to contact me urgently.'
"Joe Bull, SADiE's Managing Director said 'We are all deeply saddened by the situation and would like to extend our heartfelt thanks to all our customers, colleagues and friends in the industry who have contacted us to express their concerns. Our hope is that we can salvage some of the business for the benefit of our loyal customers. This has been a particularly difficult time for everyone.'
"Interested parties should contact Steven Law, or his Manager, Rachael Davison, at Ensors on +44 1473 220022 to express their interest."
In recent months, SADiE was marketing its PCM-H64 multitrack digital recorder featuring SADiE 5.5 software. In September 2007, Klark Teknik showed its DN9696 high-resolution hard-disk recorder at the PLASA show in London, targeted to live performance and featuring a customized version of SADiE's MTR software and DSP core.