DTS Acquires Arctic Palm Technology, Expanding Radio Offerings
October 6, 2016 at 12:26 PM (PT)
DTS, a leader in high-definition audio solutions, has acquired ARCTIC PALM TECHNOLOGY, a radio technology company with a diverse portfolio of broadcast radio solutions and an extensive installed base of customers.
ARCTIC PALM has extensive experience in broadcast studio operations and services with deep knowledge in both metadata and platform integration to develop customized media solutions software. More than 2,700 stations have licensed ARCTIC PALM software, including NPR, ENTERCOM, TOWNSQUARE, SAGA, CUMULUS, BELL MEDIA, CBC and CORUS. The company is based in ONTARIO, CANADA and, over the last decade, has developed a number of solutions to support the broad range of HD RADIO ADVANCED SERVICES and most recently has been a critical partner in the PUBLIC RADIO SATELLITE SERVICES METAPUB initiative to enhance the public radio listener experience.
DTS Chairman/CEO JON KIRCHNER commented: “We are committed to enabling the delivery of a robust entertainment experience to listeners anywhere, any time, on any device. This acquisition contributes meaningful capabilities to our portfolio of broadcast products and will enable our broadcast radio partners to meet the changing demands of their audience. As the automotive industry works to enrich the digital dash, broadcast radio around the world will need to enhance its service offerings with platforms such as ARCTIC PALM. DTS will continue to leverage its resources to deliver a global service combining broadcast and IP-delivered content.”
Added ARCTIC PALM founder/CEO STU BUCK: “DTS has been very clear on its commitment to radio and pushing innovation that will benefit the broadcast industry as well as listeners around the world, and we are proud to be a part of the DTS family.”