Just two weeks after pioneering audio technology company DTS agreed to a merger acquisition with Tessera Technologies, DTS has agreed to acquire a Canadian radio broadcast studio tech specialist founded in 1997.
In a deal announced Thursday (Oct. 6), DTS said it is purchasing London, Ontario-based Arctic Palm Technology for an undisclosed price.
diverse portfolio of broadcast radio solutions that include RDS/RBDS datacasting, contest and prize scheduling software, a “Public Radio Metadata” interface, call screening management, and workflow management software.
According to DTS, upward of 2,700 stations have licensed Arctic Palm software. Among its broadcast customers are NPR, Entercom, Townsquare Media, Saga Communications, and Cumulus Media, in addition to major Canadian broadcast operators Corus, Bell Media, and the CBC.
Arctic Palm is based in London, Ontario, Canada.
“We are committed to enabling the delivery of a robust entertainment experience to listeners anywhere, any time, on any device,” said DTS Chairman/CEO Jon Kirchner. “The acquisition of Arctic Palm 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.”
Stu Buck, founder and CEO of Arctic Palm, added, “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 [now] be a part of the DTS family.”