CALABASAS, Calif., Oct. 6,
2016 /PRNewswire/ -- DTS, Inc. (Nasdaq: DTSI), a leader in
high-definition audio solutions, has announced the acquisition of
Arctic Palm Technology, Inc., a leading radio technology company
with a diverse portfolio of broadcast radio solutions and an
extensive installed base of customers as DTS continues to expand
its broadcast radio technology offerings.
Arctic Palm has extensive experience in broadcast studio
operations and services with deep knowledge in broadcast metadata
and platform integration to develop customized media solutions
software. More than 2,700 stations have licensed Arctic Palm
software with a significant customer base in the U.S. and
Canada. Among Arctic Palm's
broadcast customers are NPR, Entercom, Townsquare, Saga, Cumulus,
Bell Media, CBC and Corus. Arctic Palm is based in London, Ontario, Canada. Over the last decade,
Arctic Palm has developed a number of solutions to support the
broad range of HD Radio Advanced Services and most recently has
been a critical partner in the Public Radio Satellite Services
Metapub initiative to enhance the public radio listener
experience.
"We are committed to enabling the delivery of a robust
entertainment experience to listeners anywhere, any time, on any
device," said Jon Kirchner, chairman
and CEO, DTS, Inc. "The acquisition of Arctic Palm contributes
meaningful capabilities to our portfolio of broadcast products and
will enable our broadcast radio partners to meet the changing
demands of their audience. As the automotive industry works to
enrich the digital dash, broadcast radio around the world will need
to enhance its service offerings with platforms such as Arctic
Palm. DTS will continue to leverage its resources to deliver a
global service combining broadcast and IP-delivered content."
"This is an exciting time for Arctic Palm," said Stu Buck, founder and CEO, Arctic Palm. "DTS has
been very clear on its commitment to radio and pushing innovation
that will benefit the broadcast industry as well as listeners
around the world, and we are proud to be a part of the DTS
family."
For more information about DTS, please visit www.dts.com, or
connect with DTS on Facebook, Twitter (@DTS) and Instagram
(@DTS).
About Arctic Palm
Arctic Palm has been developing
software for the broadcasting industry since 1997. Its
development team has more than 40 years of experience developing
customized media solutions for newspaper, radio and television
companies. Arctic Palm combines its knowledge of the business of
broadcasting with the technical skills to produce high quality,
reliable and functional software solutions for its clients.
About DTS, Inc.
Since 1993, DTS, Inc. (Nasdaq: DTSI)
has been dedicated to making the world sound better. Through its
pioneering audio solutions for mobile devices, home theater
systems, cinema, automotive and beyond, DTS provides incredibly
high-quality, immersive and engaging audio experiences to listeners
everywhere. DTS technology is integrated in more than two billion
devices globally, and the world's leading video and music streaming
services are increasingly choosing DTS to deliver premium sound to
their listeners' network-connected devices. For more information,
please visit www.dts.com.
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SOURCE DTS, Inc.
