Muzlab, a streaming audio service for business (the company also has an office in Moscow), will buy Market Music, which specializes in audio marketing and Digital Signage systems (displaying information from electronic media in public places). The value of the deal can be amounted to $4 million.
When the deal is completed, the Market Music team will join Muzlab. Muzlab will also get technology and the entire line of Market Music products. In particular, Market Player - Digital Signage software; background music services Market Music (for corporate clients) and Hurdy Gurdy (for SME customers), as well as Mark Traffic, a computer vision-based service used to count and profile store visitors.
Market Music was founded in 2012 in Minsk, and in 2013 the company’s headquarters were established in Moscow.