Spotify has acquired music consumption intelligence company, The Echo Nest.
The Echo Nest will continue to operate out of its US HQ in Somerville, MA. The Echo Nest will also continue to operate in San Francisco.
Spotify has confirmed that it will keep The Echo Nest API free and open to third-party developers.
Spotify clearly hopes to use The Echo Nest’s technology to improve the music discovery process for its scustomers, as well as report insightful analytics to brand partners.
“We’ve been fans of The Echo Nest for a really long time and honoured to have their talented team join Spotify,” said Daniel Ek, Founder and CEO, Spotify (pictured). “At Spotify, we want to get people to listen to more music.
“We are hyper focused on creating the best user experience and it starts with building the best music intelligence platform on the planet. With The Echo Nest joining Spotify, we will make a big leap forward in our quest to play you the best music possible.”
“Since founding The Echo Nest, Brian Whitman and Tristan Jehan have created a company completely and beautifully obsessed with understanding the world of music to help fans discover more music,” said Jim Lucchese, CEO of The Echo Nest.
“Joining forces with Spotify gives us the opportunity to continue doing so as part of the fastest-growing service in the world; we’re thrilled to be part of a team equally as passionate about connecting more people with more music.”Music Business Worldwide