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Written by Mike Stahl
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Wednesday, 09 April 2008 |
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Music social networking Web site operator imeem Inc. said Monday it has agreed to acquire Snocap Inc., the digital content tracking company founded by Napster creator Shawn Fanning.
Music-based social networking site Imeem on Monday morning announced the acquisition of digital rights and content management company, SNOCAP. The deal will provide Imeem with access to SNOCAP's content identification technology and digital registry, while expanding the tools available to artists and music labels. "The SNOCAP team built a great technology platform that will be useful to imeem as we continue to grow," said Imeem founder and CEO, Dalton Caldwell of the acquisition. "Together we'll build on that work in the coming months, and give labels and independent artists new ways to promote and sell their music through imeem, MySpace and anywhere on the Web."
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