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Spotify snags Swedish music app Tunigo

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Spotify snags Swedish music app Tunigo
17:46 CEST+02:00
Swedish music streaming service Spotify has acquired Swedish music discovery app Tunigo, the company announced on Friday.

Tunigo uses Spotify's platform and also features apps for both the iOS and Android platforms.

The music discovery service lets users browse Spotify playlists to new music and read reviews.

"Tunigo has been one of the most popular apps for the Spotify platform and part of our vision is to help more users discover more music," Spotify spokeswoman Sofie Grand told the TT news agency.

No details about the terms of the deal were released other than the fact that Tunigo's roughly 20 employees will start working in Spotify's offices in New York and Stockholm.

Tunigo has been working closely with Spotify since 2011 when the app was included in the launch of Spotify's new platform.

The company's ultimate goal is to provide users with a single button that will put together the perfect playlist based on real-time data.

Tunigo CEO and co-founder Nick Holmstén also explained the deal was a natural next step for the long-time partners, calling it a "perfect match".

"Tunigo helps users find great music for every moment, and we've been working very closely with Spotify over the past few years," he said in a statement, according to tech news website TechCrunch.

"We're passionate about music and technology, and looking forward to further innovating within the music discovery space."

Founded in Stockholm in 2006, Spotify currently has 24 million users and 6 million paying subscribers worldwide.

TT/The Local/dl

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