@Skeptik Gibson had serious debt issues following some strange purchases, Philips Entertainment? They then did something they have done before, was it Giga-sampler? They also filed a section 11 quite soon after they decided to drop support and development of SONAR if I remember correctly.
Technically Cakewalk did not fail at all Gibson just pulled the plug. Luckily a very smart, forward looking person, @Meng and Bandlab, his company, purchased the intellectual copyright to the software products and after 26 years of using Cakewalk software products I am very thankful to the foresight and his faith in the product.
If you really are concerned add some pennies to the Tip Jar! on the Cakewalk Bandlab Page.