BitTorrent made the decision to spin-off Sync, the company's file synchronization service to newly founded company Resilio.
Resilio, headed by former BitTorrent CEO Eric Klinker, takes over Sync and everything associated with it.
In fact, when you visit the official Sync download site right now, you will notice that the site has already been rebranded to highlight the new brand and name of the product.
Nothing appears to change for now in regards to Sync's free and pro version. Resilio Sync is still available on the site, and nothing has changed in the application so far from what I can tell.
There are still quite a few references to BitTorrent on the Get Sync website. The Twitter link leads to the BitTorrent Sync account on Twitter for instance but it seems to have been taken over already by Resilio.
The application downloads as BitTorrent Sync but that is likely going to change in the near future.
Resilio changed the product name for Enterprise and business customers though. The new Enterprise product is called Resilio Connect, the product for small businesses Sync for Workgroups.
Motivation behind the move
Variety offers information on why Sync has been handed over to Resilio. According to the site, it seems to come down to different ideas on how to move BitTorrent forward.
Klinker, the new Resilio CEO, introduced several new concepts based around BitTorrent's core technology including Sync but also Bleep, a messaging platform.
This was done partly to find new revenue streams for the company as revenue from bundled software declined sharply in recent time, and revenue from advertisement did not fill the gap.
BitTorrent launched a new live streaming app, and revelead that another new media related project called BitTorrent Now is in the pipeline as well.
According to Variety, BitTorrent will focus on media and that is the reason why the company decided to spin off Sync in a separate company.
A blog post on the official BitTorrent website highlights the focus even clearer. According to the post, BitTorrent Inc will focus on "On Demand and Live Streaming Media Platforms".
Neither BitTorrent nor Resilio have announced the change in ownership yet. It remains unclear whether changes will be made to Sync or the way it is offered.
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Ghacks is a technology news blog that was founded in 2005 by Martin Brinkmann. It has since then become one of the most popular tech news sites on the Internet with five authors and regular contributions from freelance writers.