7digital Completes Acquisition Of Snowite
April 8, 2016 at 6:21 AM (PT)
7DIGITAL has completed the acquisition of the leading French digital streaming music provider SNOWITE SAS.
7DIGITAL CEO SIMON COLE commented, “We are delighted to welcome the SNOWITE team to the Group. With major French customers in the retail, mobile entertainment and media sectors and a strong sales pipeline in French-speaking markets, SNOWITE will accelerate 7DIGITAL’s international expansion while strengthening our relationships with French music labels and publishers. SNOWITE’s platform and technology should also benefit our development roadmap and allow the company to make cost savings in planned future platform investment. Our teams have already been working well together, winning business and speeding through our platform integration even whilst the deal was awaiting completion. We predicted consolidation in the digital B2B music services space and we are delighted to be leading such a strategic union of two like-minded and compatible companies.”