Singapore venture fund Caldecott Music Group has been announced as the new company brand of BandLab Technologies, arriving as part of an organisation-wide restructure.
Caldecott Music Group (CMG) will now oversee the long-term planning, development and investment in BandLab’s three newly formed divisions – BandLab Technologies, NME Networks and Vista Musical Instruments.
These changes, and the formation of CMG, will aim to handle and foster growth and increase value for all involved in the company, from employees to partners to stakeholders.
Meng Ru Kuok, CMG’s CEO and founder, said that the group’s perspective from Singapore has enabled the brand to build a solid foundation, and that the time to evolve the company is now.
“From our unique vantage point here in Singapore, our brands have seen massive growth globally in terms of community, traffic, and sales across the board.
“I truly could not be prouder of our team,” he said.
“Now is the time to build on the foundation we have formed for over nearly a decade.
“I cannot wait to watch as our people and brands flourish within this new structure, supporting and fuelling creativity to uphold our singular vision of connecting the world of music and providing more opportunities for creators, fans, and the music industry at large.
“The best part is that we’re still just getting started.”
It’s been a big month of change for BandLab Technologies, having recently bought US-based DIY artist services platform ReverbNation.
Shortly after, it was announced that the brand’s separate media titles – NME, Guitar.com, MusicTech and Uncut – would unite to form new media group, NME Networks.