Stingray buys intelligent media solutions provider Nümedia
Stingray Digital Group Inc (TSX: RAY.A, RAY.B) has bought Nümedia, a Montréal-based provider of intelligent media solutions that enable in-venue music, experiences, communication, engagement and activation. The acquisition is valued at $2 million. Stingray, a technology-focused content provider and broadcaster, said the deal will reinforce its market position in the field of in-store media solutions. Montréal-based Stingray raised $179.5 million in an initial public offering in mid-2015. It continues be a portfolio company of Canadian private equity firm Novacap, Telesystem and other investors.
24 February 2016•4 mins read
