Spotify has acquired music discovery startup Tunigo, in a deal whose terms were not disclosed, according to reports.
AllThingsD broke the news:
Spotify isn’t announcing terms for the deal, but says that all of the Swedish company’s 20 or so employees will come to work at Spotify’s offices in Stockholm and New York. The Tunigo Spotify app will keep running (there’s also an iPhone app), but presumably Spotify’s new hires will be put to work on Spotify’s main service, which has 24 million users and six million paying subscribers. Tunigo had reportedly raised $3 million.
According to its website, “Tunigo is the place where you can find Spotify playlists for all of life’s occasions combined with the latest news and releases from the music industry.” Users must have a Spotify account to use the service. Music fans can use the app to create their own playlists and to discover playlists made by other people.