Digital

7Digital announces new investment and expansion plans

By | Published on Friday 19 October 2012

7Digital

London-based digital music company 7Digital, which runs download services under its own brand, and provides white-labelled download stores, streaming music and scan-and-match digital locker platforms to a range of clients around the world (including many of Apple’s competitors in the portable device space), announced yesterday that it had recently secured “a $10 million growth capital investment”.

It will help fund further expansion, especially of the firm’s streaming and scan-and-match products.

Commenting on recent growth and his firm’s plans for the next year, 7Digital chief Ben Drury told CMU after a press conference in London yesterday: “We’ve seen phenomenal growth over the last twelve months across the 7Digital open platform with millions of users across the globe using our services and hundreds of partners actively using our technology. 7Digital technology has been integrated into millions of devices – we’re in smartphones, tablets, connected hi-fi’s and even in cars”.

He continued: “The demand for high quality, integrated music applications and services will continue in the coming year. Over the next twelve months, supported by our strategic partners, we’ll be adding more streaming, scan and match and other features of our API and open technology platform – not locked to any particular hardware or OS. The new capabilities will make 7Digital the truly open music platform that provides access to the world’s music”.

At the same press conference, Drury also announced a new agreement with BlackBerry maker Research In Motion, that will see a 7Digital-powered music service integrated into the new BlackBerry operating system next year, and unveiled a new brand identify and new look to the firm’s own consumer-facing website at www.7digital.com.



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