MQA Reprieve Through Lenbrook Acquisition

MQA has been given a second chance, thanks to Lenbrook who already is a significant player in the audio streaming arena through its BluOS tech.

Lenbrook tells us that its acquisition of MQA enriches the Canadian enterprise's intellectual property portfolio with an assortment of significant patents and introduces two prominent audio codecs – MQA and SCL6 (aka MQAir) - as well as further solidifying the company's commitment to innovation in the evolving landscape of audio technology.

Gordon Simmonds, Chief Executive Officer of Lenbrook, told StereoNET:

Lenbrook's vision is of a thriving hi-fi industry where technologies that promote both consumer choice and the pursuit of the highest sound quality are deserving of investment and nurture. We view this acquisition as an opportunity to ensure the technologies developed by the scientists and engineers at MQA continue to serve the industry's interests rather than be confined to any single brand or company.

MQA had amassed over 120 licensees and several content partnerships, so Lenbrook's primary objective in this acquisition was to provide certainty for business and technical developments that were underway prior to MQA's administration. As a result, Lenbrook retained a core group of engineers and developers and sales and marketing personnel, including Andy Dowell, previously the Head of Licensing for MQA, who will continue to lead business development activities.

StereoNET will be watching how things develop for MQA and Lenbrook with great interest.