Spotify announced that it has acquired The Echo Nest, which is a music intelligence company based in Somerville, MA.
Currently the company is behind other music platforms like Rdio and Twitter Music that allows users to personalize their music selections. Spotify plans to use their technology to create a better experience for users and this aquisition may impact many of Spotify’s competitors in the future.
In a statement by Spotify, the Founder and CEO David Ek states, ““We’ve been fans of The Echo Nest for a really long time and honoured to have their talented team join Spotify. 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.”
The Echo Nest API will continue to be free and supported. Also, the company will continue to operate out of their Somerville and San Francisco offices.