Roxio, an American software company, specializes in developing consumer digital media products. Its product line includes tools for setting up digital media projects, media conversion software, and content distribution systems. The company formed as a spin-off of Adaptec's software division in 2001, and acquired MGI Software in 2002. Sonic Solutions acquired Roxio in 2003, going on to acquire Simple Star and CinemaNow in 2008. Rovi Corporation acquired Sonic Solutions in 2010, but Rovi announced in January 2012 that it would sell Roxio to the Canadian software company Corel. That acquisition closed on February 7, 2012.