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Stingray acquires European media solutions provider

Canada's Stingray Digital Group Inc. acquired DJ-Matic, a European provider of in-store media solutions for businesses, according to an Oct. 12 news release.

As part of the transaction, Stingray will fully own and operate DJ-Matic, which will be combined with the former's Stingray Business unit.

DJ-Matic, which has clients in Belgium, Denmark, Germany and the Netherlands, will remain under its current leadership team following the acquisition.

The deal, financial details of which were not disclosed, follows Stingray Business' acquisitions of Australian companies SBA Music Pty. Ltd. and SMA Entertainment, as well as Toronto-based digital media solutions company Novramedia Inc.