Irish start-up Soundwave has announced today that it has been acquired by music streaming platform Spotify.
The company, founded in 2012, has achieved great success with its Soundwave app, which has been downloaded over 1.5 million times across 190 countries in 14 languages.
Since its launch, the Soundwave product has been voted by Apple as ‘Best Innovation in Music’ and has been positioned globally by Google in the Android ‘Editors Choice’ sections alongside only 50 other apps out of over 1.5 million.
The company has also been Ernst & Young ‘Entrepreneur of the Year’ finalists, as well as being named by Forbes as one of ‘Five Companies that Made Media Consumption Smarter in 2013’.
Soundwave’s database of songs tracked has grown to over 150 million.
In a statement published today, the company said, ‘The music industry is changing, and its changing fast. We think now is the perfect time for Soundwave to join forces with Spotify, the number one music streaming service in the world and the perfect home for us to continue our mission.
‘We owe our gratitude to a lot of people for helping us reach this milestone today and we’re excited. But we’re even more excited about hitting our next milestone and the one after that again.’